InvestSMART

Hawthorn Resources Limited (ASX:HAW)

ALERT: Price-sensitive ASX Announcement for HAW
Current share price for HAW : $0.089 0.009 (11.25%)+
Announcement
Release
16 Dec 2025 9:38AM
Price at Release
$0.080
Full Release
download
Summary
Hawthorn Resources Limited, in collaboration with Gel Resources Pty Ltd under the Trouser Legs Joint Venture, reported outstanding high-grade results from their recent 7846m reverse circulation (RC) drilling program at the Anglo Saxon Gold Project in Pinjin, Western Australia. The program, aimed at updating the existing Mineral Resource Estimate (MRE) of 157,000 ounces at 6.1g/t gold, revealed significant gold mineralization, including high-grade quartz veins with grades exceeding 30g/t. The drilling results, coupled with record Australian dollar gold prices, support the potential expansion of an open pit mining operation as a viable alternative to underground mining, with plans for an open pit optimization study and negotiations for further development. Hawthorn Resources remains well-capitalized, ready to advance the next stage of development.
Key Points
  • Completion of a 7846m RC drilling program at Anglo Saxon Gold Project.
  • High-grade results include veins grading over 30g/t gold.
  • Plans for open pit expansion as an alternative to underground mining.
  • Record A$ gold prices enhance project viability.
  • Hawthorn Resources is well-capitalized for development.
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.