latest news...
June 26, 2009
Drilling Gold and Base Metals at Jigalong
- Aircore drill testing of gold and base metals targets has commenced
- Initial assay results anticipated in early August 2009
June 25, 2009
FerrAus follows Hannans / Warwick merger strategy
The Australian reported today in the Business Section that FerrAus also supports consolidation of East Pilbara iron projects. Click the link to read the article.
June 23, 2009
Hannans in the Media - Jigalong Iron Project
Hannans' sale of the Jigalong Iron Project last week was widely reported in the Australian media. Click the link the read the articles.
June 22, 2009
Australias Paydirt - The Fox Hunt!
June 19, 2009
Iron rights vended into Warwick Resources
- Jigalong Project Iron Rights transferred to Warwick Resources Ltd (ASX: WRK)for total consideration of $5.25 million payable in cash, Warwick shares and Atlas Iron Ltd (ASX: AGO) shares
- Strategy is to develop Warwick into a major iron company by consolidating iron projects located in the East Pilbara region of Western Australia
- Combined Hannans and Warwick iron projects have direct shipping ore (DSO) exploration target of 113 – 221 million tonnes at 56-60% iron
- Atlas Iron is the largest shareholder of Warwick (moving to 22.37%); Hannans to become the second largest shareholder of Warwick (17.85%)
- Hannans retains all manganese, gold, base metals & uranium rights (i.e. noniron rights) within Jigalong Project; drilling for manganese and base metals to commence this week.
June 9, 2009
Fox Bid to Lapse
Hannans short term exploration drill programs include:
- Drilling (aircore) for gold, base metals and manganese, scheduled to commence at the Jigalong project next week
- Drilling for gold (reverse circulation), scheduled to commence at the Lake Johnston and Sunday Gold Projects in July
- Drilling for nickel sulphides (reverse circulation), scheduled to commence at Forrestania and Queen Victoria Rocks Projects in July / August
Fox announces intention to let bid for Hannans lapse
June 5, 2009
Jigalong Manganese Testwork
- Hill 616 confirmed as the highest priority surface manganese prospect with 3km strike length (approx.)
- Testwork suggests opportunity exists to sell a manganese fines concentrate from the Jigalong Project for use in the steel alloy industry
- Further testwork recommended including mineralogical examination of Hill 616 ore, additional crushing and grinding to assess potential for a fines product and drill testing to establish Hill 616 manganese profile
- Aircore drilling at Hill 616 to commence mid June
- Mineralogical examination (using QEMSCAN) to commence mid June
- Scoping study into economic potential of Hill 616 surface manganese to commence subject to positive outcomes of further testwork
- Significant potential remains to identify a sub-surface primary source of manganese with the greater Jigalong Project (approx. 2,000km2 in area)
May 29, 2009
REJECT the Fox offer
Reasons to REJECT
- Fox undervalues Hannans
- Fox has significant debt and no income
- Fox has no strategy for Hannans
- Fox has no synergies with Hannans
May 1, 2009
Bidders Statement from Fox recieved
- Hannans today receives bidders statement from Fox Resources
- Hannans Shareholders advised to TAKE NO ACTION
April 30, 2009
Placement Approved
Overwhelming support for Placement
- 80% of Hannans shareholders vote FOR the Placement resolution
- 50% of total shares on issue were voted in favour of the resolution
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