Athena Resources Limited
0.06
AUD
-0.01
(-11.29%)
ISIN
AU000000AHN1
Return %
Stock
S&P 500
1Y
-60.71
14.20
3Y
-1.79
81.12
5Y
-78.95
68.34
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Peter Jones
- Full Time Employees
- 350
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Mia Yellagonga Tower 3 Perth WA Australia 6000
- IPO Date
- Oct 3, 2006
- Website
- athenaresources.com.au
- Similar Companies
- Business
- Athena Resources Limited (ASX:AHN) is a Western Australia-based mineral exploration company focused on developing premium magnetite iron ore projects for advanced manufacturing, specialty steel, battery technology, and industrial applications. The company's flagship Byro Magnetite Project, located 340km northeast of Geraldton in the Mid-West region, comprises the FE1 deposit with an indicated resource of 29.3 million tonnes at 24.7% Fe and the Byro South prospect; it holds 100% interest in five exploration licenses and two mining leases, targeting ultra-high-grade concentrates exceeding 70% Fe with low impurities suitable for direct reduced iron production and low-carbon steelmaking. Athena explores for iron ore alongside anomalous copper, nickel, platinum group elements, and chromite, with operations centered in Western Australia; founded in 2005 and headquartered at Level 33, Mia Yellagonga Tower 3, 1 Spring Street, Perth. Recent developments include the May 2024 FE1 Scoping Study outlining mining and processing pathways with Reflux Classifier testing and ore sorting evaluations underway; completion of 1,450m RC drilling at Byro South in May 2025 confirming high-grade intercepts up to 36.3% Fe over 34m and advancing toward a maiden mineral resource estimate; June 2025 settlement with Buxton Resources resolving historic tenement disputes over E09/1552 and E09/1507, retaining key magnetite areas including FE1 and Whistlejack while relinquishing low-prospectivity zones; strategic partnership with Fenix Resources as largest shareholder following underwriting of a December 2024 renounceable rights issue raising over $2.6 million and placement of shortfall shares in January 2025; board refresh in July 2024 with John Welborn as Chairman and Garry Plowright as non-executive director alongside appointment of Peter Jones as Managing Director and CEO in February 2025; and full conversion and settlement of $1 million convertible notes into equity by May 2025, simplifying the capital structure.