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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.014 -0.006 (-28.21%)+
Announcement
Release
30 Jan 2026 6:07PM
Price at Release
$0.020
Full Release
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Summary
Hawsons Iron Ltd completed a Preliminary Feasibility Study (PFS) for its Iron Project, declaring an Ore Reserve estimate of 2.3 billion tonnes. The project targets a production of 257 million tonnes of magnetite concentrate over 26 years. Financially, the project presents a pre-tax IRR of 10.93% and an NPV8 of A$1,360M, with a significant capital requirement of A$4.96B over two phases. The company's quarterly cash flow report shows an ending cash balance of A$524k, with operational cash outflows of A$369k and investing outflows of A$576k. The company is engaged in capital raising efforts to support ongoing activities. New board appointments were made to strengthen governance as the company advances towards a full feasibility study.
Key Points
  • Preliminary Feasibility Study completed for Hawsons Iron Project.
  • 2.3 billion tonnes of Ore Reserves declared.
  • Target production of 257 million tonnes of magnetite concentrate over 26 years.
  • Pre-tax IRR of 10.93% and NPV8 of A$1,360M.
  • Total initial capital requirement of A$4.96B.
  • Ending cash balance of A$524k as of December 31, 2025.
  • Operational cash outflows were A$369k and investing outflows A$576k.
  • Capital raising efforts underway.
  • New board appointments to support project development.
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.