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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.009 -0.003 (-25%)+
Announcement
Release
31 Jul 2026 9:20AM
Price at Release
$0.012
Full Release
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Summary
Hawsons Iron Ltd's quarterly activities report for June 2026 highlights several key developments including a completed process waste handling optimisation study and an updated Pre-Feasibility Study (PFS) which significantly enhances project economics. The optimisation study by TAKRAF Group aims to replace trucking of the waste stream with an integrated conveying and stacking system, leading to projected cost savings and increased project NPV. The PFS outlines robust strategies for developing the Hawsons Iron Project, which includes a 26-year mine plan and a potential production of 12 million tonnes per annum of high-grade magnetite concentrate. The company also reported a net cash outflow from operating activities and is planning to raise funds through a $1.5 million share purchase plan. Hawsons Iron Ltd remains confident in its financial outlook based on its current cash reserves and successful capital raising efforts.
Key Points
  • Completion of process waste handling optimisation study.
  • Release of updated Pre-Feasibility Study (PFS) in May 2026.
  • Projected cost savings and increased NPV from optimisation study.
  • 26-year mine plan for Hawsons Iron Project included in PFS.
  • Cash reserves of $0.5M at the end of June 2026.
  • Share purchase plan announced to raise $1.5M.
  • Focus on waste handling optimisation and by-product studies during the quarter.
  • No mining production and development activities during the 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.