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Hawsons Iron Ltd ( (AU:HIO) ) has provided an announcement.
Hawsons Iron Ltd announced the completion of the first phase of a collaborative research project with CSIRO, aimed at understanding the mineralogy of non-magnetic iron tailings. The results revealed that the tailings are primarily composed of hematite and quartz, with low levels of magnetite, indicating high recovery rates in earlier processing stages. The presence of phosphorus as discrete minerals suggests potential for simplified removal, paving the way for further exploration into economically recovering hematite from the tailings stream. This development could significantly impact Hawsons’ operations by enhancing resource efficiency and potentially offering new revenue streams.
More about Hawsons Iron Ltd
Hawsons Iron Ltd is a company operating in the mining industry, primarily focused on the exploration and development of iron ore resources. The company is engaged in projects that aim to enhance the recovery and processing of iron ore, with a particular emphasis on innovative strategies for resource utilization.
Average Trading Volume: 1,370,493
Technical Sentiment Signal: Hold
Current Market Cap: A$29.35M
For detailed information about HIO stock, go to TipRanks’ Stock Analysis page.