Australia's Legacy Iron and Hawthorn rise on signing JV agreements

Hawthorn Resources

07/04/2022 04:16

** Shares of Legacy Iron Ore  LCY.AX  and Hawthorn Resources
 HAW.AX  rise as much as 95% to A$0.039 and 55.9% to A$0.145,
respectively 
    ** In a joint release, LCY and HAW said all agreements for
earn-in of Hancock Magnetite Holdings Pty into the Mt Bevan iron
ore project have been executed, post due diligence process
 urn:newsml:reuters.com:*:nASX6DlZQM
    ** Mt Bevan project was a joint venture between Legacy Iron
and Hawthorn Resources 
    ** The agreement was announced on Nov 15, 2021  urn:newsml:reuters.com:*:nL4N2S617D
    ** LCY hits highest level since November 2021
    ** HAW on track for its fourth straight session of gains
    ** LCY down 9.1% and HAW up 4.5% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))