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An update from Hawsons Iron Ltd ( (AU:HIO) ) is now available.
Hawsons Iron Ltd has issued a revised update on its dry grinding test work, clarifying that test results from German vendor Gebr Pfeiffer were based on diamond core from a single drill hole in one mineralised unit, while results from Loesche were derived from five reverse circulation holes covering two mineralised units. The company emphasised that differences in results reflect varying equipment conditions and sample locations, meaning the datasets are not directly comparable but together provide a useful operating range for vertical roller mills (VRMs). Detailed vendor testing has confirmed that Hawsons’ ore has very low hardness and abrasiveness and that VRMs are suitable for processing it, reinforcing the assumptions and data used in the recent pre-feasibility study and supporting a potential shift from conventional wet grinding to more efficient dry VRM technology. The current program is also generating material for downstream dry magnetic separation tests with multiple equipment providers, with assay results expected in the coming weeks, and will inform optimisation work ahead of large-scale piloting and the planned 2026 feasibility study, which could have positive implications for project economics and operating efficiency.
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 focused on advancing its Hawsons Iron Project, targeting high-grade iron ore products. The company is progressing through study phases, including a recently completed pre-feasibility study, and is preparing for a full feasibility study planned for 2026, positioning itself within the global magnetite and iron ore supply chain.
Average Trading Volume: 1,698,687
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$22.58M
Find detailed analytics on HIO stock on TipRanks’ Stock Analysis page.