She's minted.
And while iron ore has been the bread and butter of Hancock going back to the Lang days, Gina's interests have become more varied and adventurous over time.
Gas, cattle stations and coal are some obvious ones.
Then there is the Pilbara princess' growing list of investments in critical minerals from rare earths to lithium and more.
The latter is where we head today, with Rinehart and Hancock finally taking the big step from investors to explorer and potential miner in the lithium space.
The vessel for that quantum shift is a lithium earn-in and JV at the Mt Bevan project where it was previously looking to develop a magnetite iron ore mine with juniors
That's now turned into a lithium JV as well.
It'll work like this. Hancock will spend
The end goal of all this is to outline a lithium resource in excess of 5Mt and 1.2% Li2O, something that would trigger an additional
The supply deal
The deal is also a demonstration of Rinehart's political connections. She reportedly met PM
It is important since Legacy will have the right to acquire up to 75% of the offtake from Mt Bevan. Legacy is effectively controlled by NMDC,
Now the world's most populous country,
The deal comes a day after Japanese conglomerate Idemitsu announced a
There have also been reports - such as this one from our own Reubs - that
The signing of this agreement is a significant step in the development of the Mt Bevan project as it moves further towards commercialisation. We welcome Hancock into the project and look forward to working with them and leveraging their expertise in the area, and the development of this project,' LCY CEO
HAW MD
The Mt Bevan project is unique and has delivered an outstanding result for Hawthorn shareholders; firstly we have a world class well defined magnetite ore body which sits side by side with a potential new lithium province on the Mt Ida fault and adjacent to Delta Lithium's discovery,' he said.
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