Hawsons Iron Ltd (AU:HIO) has released an update.
Hawsons Iron Ltd has progressed with its Hawsons Iron Project, providing an Information Memorandum to seven potential Strategic Investors, including national and international entities, to fund the Bankable Feasibility Study (BFS). The company’s recent testwork with Stantec has confirmed select major equipment choices and anticipated cost savings, while plans have been made to utilize existing rail infrastructure to the Port of Adelaide, enhancing project economics by lowering initial capital costs. These developments are part of the strategic investor process expected to be completed by the September Quarter of 2024, with further updates to be announced.
For further insights into AU:HIO stock, check out TipRanks’ Stock Analysis page.
