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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.013 -0.001 (-7.14%)+
Announcement
Release
26 May 2026 8:25AM
Price at Release
$0.014
Full Release
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Summary
Hawsons Iron Ltd announced a significant update to their Pre-Feasibility Study (PFS) for the Hawsons Iron Project. The updated PFS, which incorporates findings from the TAKRAF Group's process waste handling optimisation study, reveals a 37% increase in the project's net present value (NPV) to AU $1.87 billion, a pre-tax internal rate of return (IRR) of 11.9%, and an improved sustainability profile through increased electrification and reduced diesel consumption. The project aims to produce up to 12 million tonnes per annum (Mtpa) of +68% Fe magnetite concentrate with a life of mine of 26 years, based on a 2,300Mt Ore Reserve. The initial capital requirement is estimated at AU $3.878 billion, with total project funding of AU $4.34 billion. The study supports Hawsons becoming a significant producer in the iron ore market with competitive operating costs.
Key Points
  • 37% increase in project NPV to AU $1.87 billion.
  • Pre-tax IRR increased to 11.9%.
  • TAKRAF's study led to cost savings and sustainability improvements.
  • Project to produce 12Mtpa of +68% Fe magnetite concentrate.
  • Life of mine projected to be 26 years.
  • Initial capital costs estimated at AU $3.878 billion.
  • Total project funding requirement is AU $4.34 billion.
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.