Athena Resources Limited (ASX:AHN) Collaborates on Mid West Green Iron Project
Partnership Agreement
Athena Resources Limited (ASX: AHN) has entered a strategic partnership with Warradarge Energy Pty Ltd and Fenix Resources Limited (ASX: FEX) to establish the Mid West Green Iron Project in Western Australia’s mid-west region. The collaboration involves the formation of Mid West Green Iron Pty Ltd, with equal shareholdings among the parties.
Project Overview
The Mid West Green Iron Project aims to produce commercial quantities of direct reduction iron ore products using locally mined ultra-high grade iron ores and green hydrogen. The Byro Magnetite Project, owned by Athena, is expected to supply high-grade magnetite concentrate, while Warradarge Energy will provide green hydrogen from its Mid-West Green Hydrogen Project. Fenix will support logistics and port services through its Newhaul Pty Ltd.
Project Development Stages
The project will develop in three stages: Validation, Demonstration, and Commercial Production. The Validation phase, targeted for completion by the end of 2026, involves testing magnetite samples with innovative green iron technologies. Upon successful validation, a small-scale demonstration plant will be developed, followed by the establishment of a full-scale commercial production facility.
Executive Comments
Athena’s Managing Director & CEO, Mr Peter Jones, commented: “The quality, scale, location and metallurgy of the Byro Magnetite Project provide a unique ability to provide the ultra-high-grade concentrate products that are required for a regional green iron development. Warradarge Energy have a similar regional focus and synergistic scaled development plan for their Warradarge Green Hydrogen Project in the mid-west. Fenix, Athena’s largest shareholder, have the regional logistics solutions and balance sheet to support future project development and management of a green iron project.”
“Athena’s primary focus remains the development of the Company’s 100% owned high quality Byro Magnetite Project. Partnering on local green iron opportunities is an obvious opportunity for Athena to develop a future high value market for our iron products in addition to the obvious export opportunities.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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