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Testing & tagging in mining Truflo Pumping Systems – Dependable mine dewatering systems Fuelling success with Body Armour McLanahan – Maximum production, unwavering support Flexible online and face to face training with experienced accredited provider Machining and fabrication service since 1980s Optimising mining operations with integrated IT/OT solutions Lighten the load — literally and safely Half-year results glitter for Westgold Miller Made for the Mine Site Broons: the crushing and compaction specialist Welding Industries Australia – Miller – Made for the mine site Fortescue swoops up Red Hawk Growing critical minerals processing power in WA Atlas achieves first production Custom Buckles Australia Crusher Screen Sales & Hire DTN – Lean on us – Gain trusted weather insights and intelligence AUSTLIFT® – Chain Block Series Aussie Pumps – Aussie Extreme Crusader Hose – Experience the innovation in action UQ Start-UP Unlocks Copper Mining matters 100 years strong at Ulan Coal Dartbrook hits the bullseye Aurelia Metals ascends to the peak BHP Yandi – Leading the way in electrification Innovation and safety go green NSR Indigenous: Empowering Australia’s mining industry Innovation and its role in improving ESG outcomes Brooks brings in the big guns Collaborative approach to mining research bears fruit Flood rescue: Aussie gears up New Acland thrives in 2025 Tanami: Newmont’s Tier 1 titan Innovation in the Isaac Region BHP builds up for big finish in FY25 South32’s Worsley receives key approval Pilbara Minerals acquires Latin Resources Australia pours $1b into green iron Engineering mining’s future

Fortescue swoops up Red Hawk

Fortescue (ASX: FMG) will acquire Red Hawk Mining (ASX: RHK) by way of a $254m off-market takeover bid.

Fortescue (ASX: FMG) will acquire Red Hawk Mining (ASX: RHK) by way of a $254m off-market takeover bid.

Red Hawk is the owner of the Blacksmith Project, an undeveloped iron ore project located in WA, 30km west of Fortescue’s Solomon operations in the Western Hub. The total Blacksmith mineral resource estimate is 243mt at 59.3% iron.

The offer price represents an attractive premium of 29% to Red Hawk’s 30-day volume weighted average price (VWAP).

The cash consideration under the offer delivers immediate worth to Red Hawk shareholders and provides certainty, noting the significant risks to the development of greenfield iron ore projects.

The Red Hawk board unanimously recommends shareholders accept the offer at both the base offer price and, if applicable, the increased offer price.

There is a customary fiduciary out provision, which allows the Red Hawk board to consider any opposing proposal leading to a superior proposal.

Fortescue also entered into call options over 19.99% of Red Hawk shares with substantial shareholders on the same pricing terms as the offer.

The offer is now capable of acceptance until March 3, 2025, unless it is extended or withdrawn.