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Rinehart takes bite of Mt Bevan magnetite resource

TWO ASX-listed juniors, Legacy Iron Ore and Hawthorn Resources, have found well-resourced friend with deep pockets for the long-gestating Mt Bevan iron ore project, 100km west of Leonora, in Western Australia's Central Yilgarn.

Haydn Black
Legacy drilling at Mt Bevan

Legacy drilling at Mt Bevan

The pair, who own 60% and 40% of Mt Bevan respectively, have struck a deal with Gina Rinehart-controlled Hancock Prospecting, which can earn in an initial 30% of the iron ore rights for A$9 million of...

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