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An update from Hawsons Iron Ltd ( (AU:HIO) ) is now available.
Hawsons Iron Ltd has successfully completed process optimization activities, simplifying their process flow sheet and reducing project risks by employing a proven technical process for magnetite material. The company is nearing completion of a project study report on these optimization works and has conducted a site visit to a major plant manufacturer in Germany, with a large-scale pilot plant trial expected to conclude in the second half of 2025. Additionally, recent test work has identified significant recoverable non-magnetic iron in tailings, leading to a reduction in the required number of large diameter core holes for further testing, thus decreasing drilling costs and schedules.
More about Hawsons Iron Ltd
Hawsons Iron Ltd operates in the mining industry, focusing on the extraction and processing of iron ore. The company is engaged in developing innovative processes for treating magnetite material, with a market focus on optimizing production efficiency and reducing costs.
YTD Price Performance: -30.0%
Average Trading Volume: 789,343
Technical Sentiment Signal: Buy
Current Market Cap: A$14.23M
For a thorough assessment of HIO stock, go to TipRanks’ Stock Analysis page.