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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.014 -0.002 (-12.50%)+
Announcement
Release
24 Apr 2026 4:11PM
Price at Release
$0.016
Full Release
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Summary
Hawsons Iron Ltd reported key activities and financials for the quarter ending 31 March 2026. The company initiated a Process Waste Handling Optimisation Study, aiming to improve cost efficiencies at the Hawson Iron Project, with TAKRAF commissioned to assist. A study on non-magnetic iron byproduct is underway to potentially generate additional revenue. Financially, Hawsons completed a $2.2 million share placement to fund project initiatives, ending the quarter with $1.0 million in cash reserves. Operating cash outflows were $0.37 million and investing cash outflows were $0.58 million. The company plans further capital raising to support ongoing operations and project developments.
Key Points
  • Process Waste Handling Optimisation Study initiated
  • Non-magnetic Iron Byproduct study continues
  • $2.2M Share Placement completed
  • Cash reserves at $1.0M as of 31 March 2026
  • Operating cash outflows of $0.37M
  • Investing cash outflows of $0.58M
  • Planned further capital raising
  • Engagement with government and community stakeholders
  • No mining production or development activities this quarter
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.