HAW 1.69% 5.8¢ hawthorn resources limited

Even though the Mt Bevan Iron Ore project is just one of the...

  1. 15,392 Posts.
    lightbulb Created with Sketch. 584
    Even though the Mt Bevan Iron Ore project is just one of the many interests of HAW I think at the moment it probably holds the key for the interest in this stock. This was an interesting part of the quarterly report.

    "Flat lying zones of haematite and goethite continue to be intersected in a 10-15 metre
    thick, pervasive layer above the primary, high grade haematite mineralisation at Mt
    Mason.
    These flat-lying zones of haematite-geothite mineralisation (which have also been
    identified in several other palaeo-channel type positions throughout the tenement area)
    are believed to be similar to channel iron deposits and may represent a near surface
    resource of iron ore fines that can be further upgraded by simple dry screening.
    Hawthorn Resources Limited June 2009 Quarterly Report
    4
    Bulk samples of RC chips from this layer are to be submitted shortly to Amdel
    Metallurgical Laboratories, Perth for screen, gravity spiral and other beneficiation
    testwork.

    If this material can be simply upgraded to a saleable iron ore product it may significantly
    improve the economic viability of future mining operations in the district.

    At Mt Mason, in
    particular, the layer would require excavation prior to exploitation of the primary
    haematite mineralisation in any mining scenario – adding significant resource tonnage
    and reducing overall mining costs.
    Results from this testwork are expected during the September Quarter."

    Resluts due for these samples in the September quarter. Could be very interesting this Mt Mason extension, Jupiter/Pallinghurst may want to see the results before deciding what to do!

    Chris
 
watchlist Created with Sketch. Add HAW (ASX) to my watchlist
(20min delay)
Last
5.8¢
Change
-0.001(1.69%)
Mkt cap ! $19.43M
Open High Low Value Volume
5.8¢ 5.8¢ 5.8¢ $9.472K 163.3K

Buyers (Bids)

No. Vol. Price($)
1 4345 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.9¢ 9001 1
View Market Depth
Last trade - 15.55pm 11/10/2024 (20 minute delay) ?
HAW (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.