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Hawsons Iron Ltd ( (AU:HIO) ) has shared an update.
Hawsons Iron has reported that vendor test work has confirmed the suitability of Vertical Roller Mills for processing its magnetite ore, with detailed results indicating the material is moderately soft and exhibits very low hardness and abrasiveness. These outcomes support the company’s move toward dry grinding over conventional wet grinding, validate the design assumptions used in its recent Pre-Feasibility Study, and underpin the next phase of metallurgical and magnetic separation test work ahead of large-scale piloting and the planned 2026 Feasibility Study, potentially enhancing project efficiency and cost competitiveness.
The most recent analyst rating on (AU:HIO) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Hawsons Iron Ltd stock, see the AU:HIO Stock Forecast page.
More about Hawsons Iron Ltd
Hawsons Iron Ltd is an emerging magnetite development company listed on the ASX that is advancing the Hawsons Iron Project. The company focuses on producing high-grade iron ore concentrate, and is progressing through staged technical programs and studies, including a recently completed Pre-Feasibility Study and a Feasibility Study planned for 2026.
Average Trading Volume: 1,635,661
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$22.58M
See more insights into HIO stock on TipRanks’ Stock Analysis page.