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Hawthorn Resources Limited (ASX:HAW)

ALERT: Price-sensitive ASX Announcement for HAW
Current share price for HAW : $0.077 -0.009 (-10.47%)+
Announcement
Release
31 Oct 2025 2:10PM
Price at Release
$0.086
Full Release
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Summary
Hawthorn Resources Limited's Quarterly Activities Update for September 2025 highlights key advances in its Anglo Saxon Gold Project, where a two-stage 8000m RC drilling program was completed to enhance the Mineral Resource Estimate (MRE). A new pit optimisation study is planned using current elevated gold prices to assess development feasibility. The Mt Bevan Magnetite Project is progressing with Hancock Magnetite Holdings and Legacy Iron Ore refining project parameters following a revised Mineral Resource Estimate of 1,291Mt. The company's cash position at the end of the quarter was $12.01 million.
Key Points
  • Completion of 8000m RC drilling program at Anglo Saxon Gold Project.
  • New pit optimisation study to be carried out.
  • Revised MRE of 1,291Mt for Mt Bevan Magnetite Project.
  • Cash position at quarter end: $12.01 million.
  • Joint Venture partners continue to refine Forward Works Plan.
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.