InvestSMART

Athena Resources Limited (ASX:AHN)

ALERT: Price-sensitive ASX Announcement for AHN
Current share price for AHN : $0.051 0.044 (628.57%)+
Announcement
Release
27 Nov 2025 8:30AM
Price at Release
$0.007
Full Release
download
Summary
Athena Resources Limited announced a maiden Mineral Resource Estimate (MRE) for the Byro South Prospect, part of its Byro Magnetite Project in Western Australia. The Byro South MRE reported 47 million tonnes at 29% iron, contributing to a 160% increase in the project’s total resources. This expansion, combined with the FE1 Deposit, brings the total to 76 million tonnes at 26% iron. Initial metallurgical tests show Byro South has similar properties to FE1, potentially extending the project's life. Future efforts will focus on improving MRE confidence levels and exploring marketing opportunities.
Key Points
  • Maiden Inferred Byro South MRE of 47 Million tonnes at 29% Fe.
  • 160% increase in the Global Byro Magnetite Project MRE with Byro South.
  • The Byro South prospect shows similar metallurgical properties to FE1.
  • Future plans include increasing MRE confidence level and market exploration.
  • Byro South is located in the Midwest iron ore province of Western Australia.
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.