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Flinders Mines Limited ( (AU:RHK) ) has issued an announcement.
Red Hawk Mining Limited has continued to advance its Blacksmith Project, the largest direct shipping iron ore project in the Pilbara outside the major producers, by working with stakeholders on optimization and logistics. Significant progress has been made with the submission of a mining proposal, ongoing haulage route optimization, and discussions to secure necessary port capacity. Sinter testwork conducted in China confirms the suitability of Blacksmith’s DSO as a sinter feed in typical Chinese blends, enhancing the project’s market potential.
More about Flinders Mines Limited
Red Hawk Mining Limited is a company focused on high-grade, near-term iron ore production from its 100% owned Blacksmith Project located in the Pilbara region of Western Australia. The project consists of multiple shallow deposits and aims to optimize logistics and scale to maximize value for shareholders.
YTD Price Performance: -8.00%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €93.77M
For an in-depth examination of RHK stock, go to TipRanks’ Stock Analysis page.
