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An announcement from Hawsons Iron Ltd ( (AU:HIO) ) is now available.
Hawsons Iron Ltd has declared a 2.3 billion tonne Probable Ore Reserve Estimate and completed a Pre-Feasibility Study (PFS) for its Hawsons Iron Project. The PFS outlines a robust development strategy to produce up to 12 million tonnes per annum of high-grade magnetite concentrate over a 26-year mine life. The study indicates positive technical and financial outcomes, supporting the project’s economic viability in the current iron price environment. This milestone allows Hawsons to advance towards a full Feasibility Study, with plans to optimize project aspects and address identified risks, potentially enhancing the project’s metrics and aligning with international demand for sustainable steel production.
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 involved in the development of the Hawsons Iron Project, which aims to produce high-grade magnetite concentrate. The project is located in the Braemar region of New South Wales, Australia, and targets the growing international demand for direct reduction iron (DRI) feedstock and ‘greener’ steel production.
Average Trading Volume: 1,262,497
Technical Sentiment Signal: Hold
Current Market Cap: A$33.86M
For an in-depth examination of HIO stock, go to TipRanks’ Overview page.