Athena Resources Limited (ASX:AHN)

ALERT: Price-sensitive ASX Announcement for AHN

Current share price for AHN : $0.004 -0.003 (-42.86%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

31 Jul 2025 2:25PM

Price at Release

$0.007

Full Release

Summary

Athena Resources Limited's Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 30 June 2023 details key project developments and financial activities. The report highlights ongoing work at the Byro Project, focusing on iron ore (magnetite) resource advancement, including field activities, metallurgical testwork, and progress towards a mining lease application for the Fe3O4 (magnetite) resource. The document discusses environmental, heritage, and hydrology studies, as well as the potential for a Direct Reduced Iron (DRI) route using green hydrogen. It also outlines cash flow for the period, noting exploration, operating expenses, and financing activities, while affirming the company's commitment to progressing the Byro Project and seeking further funding options.

Key Points

Quarterly report covers activities for 30 June 2023 period.
Focus on advancing the Byro Project, particularly the Fe3O4 (magnetite) resource.
Continued field activities, drilling, and metallurgical testwork.
Progress made towards a mining lease application for the magnetite resource.
Ongoing environmental, heritage, and hydrology studies to support project approvals.
Assessment of green hydrogen as a decarbonization pathway for Direct Reduced Iron (DRI) production.
Cash flow report outlines exploration, administrative, and financing costs.
Company remains committed to project development and seeking additional funding.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.