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Red Hawk Mining Urges Shareholders to Accept Fortescue’s $1.05-$1.20 Takeover Offer

7:03pm on Monday 2nd of June, 2025 AEST Mining
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Red Hawk Mining Urges Shareholders to Accept Fortescue’s $1.05-$1.20 Takeover Offer

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Fortescue’s takeover offer: $1.05 base price, $1.20 if 75% ownership achieved
  • Red Hawk directors unanimously recommend accepting the offer
  • Independent Expert’s Report by BDO finds offer fair and reasonable
  • Blacksmith Project: 243 Mt iron ore resource with 46 Mt probable ore reserve
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