Hawthorn Resources Limited (AU:HAW) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hawthorn Resources Limited, in partnership with Legacy Iron Ore and Hancock Magnetite Holdings, has announced the successful completion of a Pre-feasibility Study for their high-grade Mt Bevan Iron Ore Joint Venture project in Western Australia, projecting a mid-point net present value of A$1.674 billion with an estimated capital investment of AUD $5 billion. The study confirms the project’s potential to produce a premium Direct Reduction Iron product, and the partners have committed to advancing the project further through a Forward Works Plan to refine and de-risk various aspects. The project boasts a significant Mineral Resource Estimate of 1,291 Mt, with plans for a 25-year operational lifespan.
For further insights into AU:HAW stock, check out TipRanks’ Stock Analysis page.