Athena Resources Limited (AU:AHN) has released an update.
Athena Resources Limited has released a preliminary Scoping Study for their Byro Magnetite Project in Western Australia, indicating potential for a 2.4 Mtpa processing operation with a 0.72 Mtpa Magnetite concentrate Production Target. The study, which is based on low accuracy assessments and requires further exploration and evaluation, outlines the project’s economic and technical viability, underpinned by a 29.3 million tonne Mineral Resource Estimate. The company cautions there is no certainty of the Production Target being realized or conversion to Ore Reserves at this stage.
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