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Hawthorn Resources Limited (ASX:HAW)

ALERT: Price-sensitive ASX Announcement for HAW
Current share price for HAW : $0.089 -0.041 (-31.54%)+
Announcement
Release
29 Jan 2026 11:26AM
Price at Release
$0.130
Full Release
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Summary
In the December 2025 quarterly update, Hawthorn Resources Limited, an Australian mining company trading under ASX code HAW, highlights significant advancements in its projects. The Anglo Saxon Gold Project, part of a Joint Venture, completed a substantial drilling program yielding high-grade gold results. An updated Mineral Resource Estimate (MRE) was finalized, de-risking the project and advancing plans for open pit mining. In the Mt. Bevan Magnetite Project, efforts to refine the Prefeasibility Study continue, with Hawthorn holding a 1% royalty interest. Financially, the company maintains a strong cash position of AUD 11.34 million, with no net cash flow from investing or financing activities reported this quarter. The report outlines the company's strategy to leverage high gold prices and further develop its mining projects.
Key Points
  • Completion of 53-hole drilling program at Anglo Saxon Gold Project.
  • Updated Mineral Resource Estimate for Anglo Saxon finalized.
  • Hawthorn holds a 1% royalty in Mt Bevan Magnetite Project.
  • Company's cash position at AUD 11.34 million as of quarter-end.
  • No net cash flow from investing or financing activities this quarter.
  • Continuation of joint ventures for exploration and development efforts.
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.