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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.014 -0.022 (-61.11%)+
Announcement
Release
17 Dec 2025 1:18PM
Price at Release
$0.036
Full Release
download
Summary
Hawsons Iron Ltd has completed a Pre-Feasibility Study (PFS) for its Hawsons Iron Project, highlighting a strong development strategy with a production capability of up to 12Mtpa of +68% Fe magnetite concentrate over a 26-year mine life, based on a 2,300Mt JORC-compliant Ore Reserve. The PFS outlines solid economic prospects with a pre-tax IRR of 10.93% and an NPV8 of $AU 1,360M at a product price of $US140/t. Key project parameters include a total initial capital cost of $AU 3.91B, with a phased construction approach and a total funding requirement of approximately $AU 4.427B. The study also identifies potential risks and opportunities for the project's further development, such as confirmatory test work, environmental permitting, and infrastructure development. The project will utilize a dry processing circuit and aims to enhance economic viability through efficient logistics and processing strategies.
Key Points
  • PFS completed for Hawsons Iron Project.
  • 26-year mine life with 2,300Mt JORC-compliant Ore Reserve.
  • Production of up to 12Mtpa of +68% Fe magnetite concentrate.
  • Pre-tax IRR of 10.93% and NPV8 of $AU 1,360M.
  • Initial capital costs of $AU 3.91B, phased over two stages.
  • Total funding requirement of $AU 4.427B.
  • Focus on dry processing circuit for economic viability.
  • Infrastructure includes a 43km rail spur and water supply arrangements.
  • Environmental and permitting advancements underway.
  • Engagement with local communities and stakeholders continues.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.