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Athena Resources Limited (ASX:AHN)

ALERT: Price-sensitive ASX Announcement for AHN
Current share price for AHN : $0.068 0.064 (1,600%)+
Announcement
Release
17 Jul 2026 8:28AM
Price at Release
$0.004
Full Release
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Summary
Athena Resources Limited's Quarterly Activities Report and Appendix 5B for the quarter ending 30 June 2026 outlines significant exploration and financial activities. The company is focused on its Byro Magnetite Project in Western Australia, with ongoing drilling activities at the Narryer Project targeting a maiden Mineral Resource Estimate. Financially, Athena reports a net increase in cash due to financing activities despite operational and investing outflows. The report also highlights a $3.5 million capital raising and details plans for future exploration and development, including awaiting results for the Mid West Green Iron Project.
Key Points
  • Athena Resources Limited focuses on developing magnetite solutions.
  • The company's flagship project is the Byro Magnetite Project in Western Australia.
  • Appendix 5B cash flow report outlines financial activities for the quarter ended 30 June 2026.
  • The Narryer Project is a significant focus for exploration, targeting a maiden Mineral Resource Estimate.
  • Drilling at the Narryer Project is planned with both diamond and reverse circulation methods.
  • Financials reveal a net cash increase due to financing activities despite operational and investing outflows.
  • The company reported no new additions or disposals of tenements during the quarter.
  • Capital raising activities included a $3.5 million placement approved.
  • Future activities include resource estimation and mine design work for Narryer.
  • Athena Resources is awaiting test results and funding decisions for the Mid West Green Iron Project.
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.