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Hawsons Iron Ltd ( (AU:HIO) ) has provided an announcement.
Hawsons Iron Ltd has completed a Project Update Report that supports the use of a 100% dry processing circuit, enhancing project safety and environmental benefits while reducing costs. The company has also initiated a collaborative research project with CSIRO to further investigate the properties of its magnetite concentrate and potential secondary products. Additionally, Hawsons successfully raised $1.9 million through a Share Purchase Plan and Share Placement, which will fund further project development and strengthen their technical team.
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 primarily engaged in developing the Hawsons Iron Project, which aims to produce high-quality magnetite concentrate. Their market focus includes optimizing mining design and logistics, with an emphasis on sustainable and efficient processing methods.
Average Trading Volume: 2,485,091
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$19.19M
For an in-depth examination of HIO stock, go to TipRanks’ Overview page.