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Hawthorn Resources Limited (ASX:HAW)

ALERT: Price-sensitive ASX Announcement for HAW
Current share price for HAW : $0.089 -0.01 (-10.10%)+
Announcement
Release
30 Apr 2026 9:56AM
Price at Release
$0.099
Full Release
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Summary
Hawthorn Resources Limited has released its March 2026 Quarterly Activities Report, highlighting updates on its Anglo Saxon Gold Project and Mt Bevan Magnetite Project. The Anglo Saxon project has seen progress with an updated Mineral Resource Estimate, improving the feasibility of recommencing open pit mining. The company is well-capitalized with a cash balance of A$11.218 million at quarter-end. Additionally, Hawthorn has converted its equity stake in the Mt Bevan JV to a 1% royalty, anticipating value from future production of high-grade DRI steel. The Trouser Legs JV continues to hold significant tenement interests in Western Australia.
Key Points
  • Cash balance at quarter-end: A$11.218 million.
  • Updated Mineral Resource Estimate for Anglo Saxon.
  • Anglo Saxon project moving towards open pit mining.
  • Mt Bevan stake converted to 1% FOB royalty.
  • Anglo Saxon JV managed by Hawthorn with 70% interest.
  • Scoping study underway for Anglo Saxon Stage 2 development.
  • No dividends received or paid during the quarter.
  • No cash used in investing or financing activities.
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.