Hawsons Iron (ASX:HIO) Focuses on Optimizing Its Project to Boost Long-Term Potential

February 18, 2025 02:35 PM AEDT | By Team Kalkine Media

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Hawsons Iron (ASX:HIO) Focuses on Optimizing Its Project to Boost Long-Term Potential — Image source: shutterstock

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Highlights

Hawsons Iron is optimizing its processing circuit for its project in New South Wales.

Encouraging results from ongoing dry grinding and ore variability tests.

The company aims to produce high-quality, low-impurity iron ore for the global steel industry.

Hawsons Iron (ASX:HIO) is strategically enhancing its flagship project in Broken Hill, New South Wales, with a primary focus on optimizing the dry processing circuit. This initiative aims to further strengthen the project’s ability to meet the global demand for high-grade iron ore concentrate. The company has set its sights on developing a 100% dry processing system, which has the potential to set its project apart from other Australian magnetite producers due to the unique geochemical and physical characteristics of the Hawsons material.

The market capitalization of Hawsons Iron stands at $14.23 million, and the company is making substantial strides under the guidance of independent engineering firm Stantec Australia and the expertise of Pitch Black Group’s process specialists. Their ongoing work on the dry grinding circuit and ore variability programs has yielded "highly encouraging" initial results.

CEO Tom Revy expressed confidence in the project’s growing potential, stating that the current work programs could lead to significant technical and financial enhancements for the Hawsons Iron Project. These improvements are expected to optimize safety, environmental impacts, as well as operational and maintenance aspects.

In parallel, the company is completing a mineral resource variability study, which is crucial for finalizing the process flow sheet. The findings thus far suggest low mineralogical variation within the resource and minimal fluctuations in power requirements during the first ten years of mining. The study has also revealed that the Hawsons ore exhibits consistent geochemical and physical properties, further bolstering the project's long-term viability.

Hawsons Iron is in active discussions with potential strategic investors who are increasingly confident in the project’s ability to produce a consistent, high-quality product that can meet long-term offtake requirements. The final stage of the variability study will include metallurgical and recovery tests to confirm the resource's consistency.

The full results of these studies are expected to be released in Q2 2025. With this in mind, Hawsons Iron (HIO) continues to work toward solidifying its position in the global iron ore market, with its high-quality product set to command a premium price amidst fluctuating iron ore spot pricing. With increasing global demand for low-impurity iron ore to reduce carbon emissions in steel production, the Hawsons Iron Project remains on track to play a key role in supplying premium-grade material for years to come.

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