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NMDC TO EXPLORE IRON ORE, CRITICAL MINERAL MINING POSSIBILITIES IN AUSTRALIA’S MT. BEVAN

A subsidiary of Gina Rinehart’s Hancock Prospecting will pay an initial Australian $9 million to earn a stake in the “Mt Bevan” iron ore project, owned by Hawthorn Resources and Legacy Minerals. “We are right now in the prospecting stages and investments are being made by the new partner, Hancock. We are looking at two to three years to carry out prospecting studies. Development and exploration of these mines can start may be four years from now,” Sumit Deb, Chairman and Managing Director, NMDC, told BusinessLine. LEARN MORE

First meeting with Atlas/Hancock, Hawthorn Resources and Legacy Iron Ore

On Saturday 16th April 2022, representatives from Atlas Iron Ore/Hancock Propsecting, Hawthorn Resources and Legacy Iron Ore met at the Ritz Carlton in Perth, WA. LEARN MORE

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Gina Rinehart interest suggests magnetite iron ore is no boom-time folly

In April, Atlas was appointed as the study manager of the Mt Bevan magnetite project, 250km north of Kalgoorlie, in a joint venture between Hancock and juniors Legacy Iron and Hawthorn Resources. LEARN MORE

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Resources Top 5: Dazzling gold hits, a popular lithium pivot, and juniors cement lucrative Hancock deal

JV partners Legacy and Hawthorn cement deal with subsidiary of billionaire Gina Rinehart’s Hancock Prospecting. LEARN MORE

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RINEHART’S MAGNETITE MOVE

Mrs Rinehart’s Hancock Prospecting will take a 30 per cent stake in the Mt Bevan magnetite project west of Leonora under an agreement with joint venture partners, the Indian Government-controlled Legacy Iron and junior explorer Hawthorn Resources. LEARN MORE

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Hancock's Mt Bevan deal a go

The company and its partner Hawthorne Resources first announced the $9 million deal with Hancock in November. A completed study will take Hancock to 51 per cent ownership of the project. LEARN MORE