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