Hawthorn Updates Anglo Saxon Gold Resource, Moves Closer to Restarting Mining

Hawthorn Resources Limited ( (AU:HAW) ) has shared an update.

Hawthorn Resources has completed an updated Mineral Resource Estimate for its high‑grade Anglo Saxon gold project in the Trouser Legs Joint Venture at Pinjin, Western Australia, incorporating results from a recent 7,846m infill reverse‑circulation drilling program to refine open‑pit and underground mining scenarios. The new estimate, prepared by BM Geological Services using ordinary kriging, increases confidence in Anglo Saxon as a low‑risk open‑pit development at current record gold prices, prompting the JV to commission an open‑pit optimisation study with Minecomp and positioning Hawthorn, which says it is well capitalised, to negotiate mining development agreements with third parties and move the project a step closer to a restart of production.

The most recent analyst rating on (AU:HAW) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Hawthorn Resources Limited stock, see the AU:HAW Stock Forecast page.

More about Hawthorn Resources Limited

Hawthorn Resources Limited is an Australian gold exploration and development company focused on the Anglo Saxon deposit within the Trouser Legs Joint Venture at Pinjin in Western Australia’s Laverton Tectonic Zone, a prolific gold belt with more than 30 million ounces of combined production and resources. The JV, in which Hawthorn holds a 70% managing interest alongside Gel Resources’ 30%, controls an extensive package of mining, exploration and miscellaneous licences around the historic Pinjin Mining Centre and owns a dedicated haul road linking Anglo Saxon to regional processing operations.

Average Trading Volume: 204,493

Technical Sentiment Signal: Buy

Current Market Cap: A$41.88M

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