Hawthorn Resources Limited (AU:HAW) has released an update.
Hawthorn Resources Limited, in partnership with Hancock Magnetite Holdings and Legacy Iron, has announced the unanimous approval of a A$20M Forward Works Program for the Mt Bevan Magnetite Project. The program aims to enhance the project by securing necessary tenure, conducting environmental surveys, and exploring optimization avenues, setting the stage for a Feasibility Study and a future Financial Investment Decision. The two-year program is a strategic move to de-risk the project and assess its potential before committing to larger investments.
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