Hawthorn Resources Limited (ASX:HAW) is an Australian Stock Exchange-listed diversified gold and base metal explorer with strategic tenement holdings throughout Western Australia.
In the vanguard of the electrification revolution
Global shifts are afoot in the way we think and act and in the way we perceive, produce and utilise our mineral products. Hawthorn acknowledges these global shifts as an explorer and producer of minerals that are both critical for the electrification revolution and a more sustainable planet.
Towards this end, our next generation magnetite asset at Mt. Bevan in Western Australia fits this agenda; it is a Joint Venture with Legacy Iron Ore (a major Indian Government enterprise) and Atlas Iron (a subsidiary of Hancock Prospecting) which is completing a Pre-Feasibility Study (PFS) on the project. Mt Bevan is one of Australia’s highest grade magnetite iron ore deposits at an end product grade of almost 70% Fe. That makes it a key input for Direct Reduced Iron (DRI) production and hence next generation “Cleaner Steel” – a key building block of global economic development and decarbonization.
Our JV exploration programs for future facing critical minerals, lithium, copper and nickel are focused along the fertile Mt Ida granite contact which adjoins our world class magnetite deposit at Mt. Bevan. Discoveries by our neighbours, Delta Lithium and St George Mining, confirm the prospectivity of this emerging lithium province. These opportunities in JV with our global partners, have exposed Hawthorn and its shareholders to the critical minerals essential in its goal of decarbonization and net zero emissions.
Hawthorn also acknowledges its roots as a gold explorer and a successful producer at its Anglo Saxon gold project which has a current mineral resource of 157,000 ounces at 6.1g/t.We believe gold represents a global and time proven store of value in a world of fiat currencies and uncertainty and is indeed a critical mineral in wealth preservation and in underpinning global financial stability.