InvestSMART

Athena Resources Limited (ASX:AHN)

ALERT: Price-sensitive ASX Announcement for AHN
Current share price for AHN : $0.004 -0.003 (-42.86%)+
Announcement
Release
30 Sep 2025 8:17AM
Price at Release
$0.007
Full Release
download
Summary
Athena Resources Limited has announced the results of drilling assays and metallurgical tests from the Byro South Prospect, confirming the potential for high-quality iron products with an iron concentrate up to 71.15% Fe. The Reverse Circulation (RC) drilling program at this prospect, part of the Byro Magnetite Project, revealed consistent magnetite mineralization across wide intersections. The metallurgical testing, using Davis Tube Recovery (DTR), demonstrated a magnetite concentrate mass recovery of 32.44% with minimal deleterious elements, indicating the production of high-value iron products. This supports Athena's strategy to develop high-grade magnetite concentrates for premium markets, leveraging the strategic location within Western Australia's Mid-West iron ore region.
Key Points
  • Assay results from Byro South Prospect confirm consistent magnetite mineralization.
  • DTR tests achieved high-quality magnetite concentrate up to 71.15% Fe.
  • Byro South drilling program supports Athena's high-grade magnetite strategy.
  • Magnetite concentrate mass recovery was 32.44% with low deleterious elements.
  • Potential for high-quality iron products validated by recent drilling and testing.
  • Byro South is 20km from Athena’s flagship FE1 Deposit.
  • Athena plans to estimate a maiden Mineral Resource at Byro South.
  • Strategic location in Western Australia's Mid-West enhances project value.
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.