Athena Resources Limited (ASX:AHN) has completed an Exploration Target Estimate for the advanced magnetite targets at the Byro Project in Western Australia.
The advanced targets include those with drilling and limited metallurgical test-work supporting the high purity of contained magnetite. The Exploration Target Estimate includes the Byro South, Whitmarsh Find, Whistlejack, and Mount Narryer Prospects.
The Exploration Target Estimate builds on the foundation of the FE1 indicated Mineral Resource Estimate (MRE), released January 2023.
The overall target derived is from 48.60mt to 140.66mt at a grade between 25.5 % and 35.6 % Fe.
Advanced Targets were selected for estimation based on assay drilling intersections. Airborne magnetic imagery was also utilised to continuity of magnetite units in areas where drilling was not previously extended.
The Exploration Target Estimate for the Byro South and Mount Narryer Regions has been estimated in accordance with JORC 2012 guidelines.
Previous drilling and metallurgical studies by the company have increased the confidence in the four advanced Prospects with plans underway to implement further resource definition drilling campaigns scheduled for the coming year.
This strategy enables the company to increase the Mineral Resource inventory at the Byro Project and support future feasibility studies for a high purity magnetite product.