About Us

Hawsons Iron Project – World’s Best Iron Ore products

The Company currently has a majority interest in the Hawsons Iron Project, in addition to other magnetite interests in the emerging Braemar Iron Province.

Prefeasibility study results (refer ASX announcement 28 July 2017) have shown that Hawsons is capable of producing the world’s highest-grade iron product (70% Fe), making it the world’s leading undeveloped high-quality iron ore concentrate and pellet feed project.

Independent experts have also outlined competitive costs for the project within the first quartile of the global iron ore cost curve, aided by Hawsons’ uniquely soft ore.

Importantly, Hawsons is located just 60 kilometres south-west of the Silver City, providing access to established rail, road, port and power infrastructure in a region with a long and proud mining history and a city with generations of skilled mining workers.

And with the structural shift widening in the iron ore market between higher and lower grade ores, Hawsons is perfectly placed to attract premium prices for its high-grade product, rewarding our shareholders and delivering jobs and investment for Broken Hill and Australia.

About Us

Why Hawsons?

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The world’s leading undeveloped high-quality iron ore concentrate and pellet feed project

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Capable of producing the world’s best iron ore products (70% Fe)

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Competitive costs within the first quartile of the global iron ore cost curve

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Capital intensity near the lowest of analysts CRU’s basket of concentrate/pellet feed projects globally

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Established rail, road, port and power infrastructure sufficient for start-up production of 10 million tonnes per annum (Mtpa)

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With the Initial planned production of 10 Mtpa, Hawsons Iron has non-binding letters of intent from Asia and the Middle East, demonstrating the strength of demand for the Hawsons Supergrade ® product.

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The prefeasibility study (28 July 2017) shows an estimated NPV of 1.1 Billion with a 30% equity internal rate of return, based on an iron ore price of USD$88/t. At USD$190/t the project would return 128% equity IRR with an estimated NPV of USD$7.2 Billion.

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Clear technical and permitting pathway, with project already declared a NSW ‘Significant State Development’

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Soft siltstone ore and clean magnetite crystals allow for simple liberation of a high purity concentrate with low energy (low costs) and without the technical challenges of hard rock magnetite projects.

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JORC Inferred and Indicated Resources of 2.5 billion tonnes – at a magnetite recovery of 14% (Davis Tube Recovery (DTR) at a 9.5% cut off) for 348 million tonnes of high grade (69.7% Fe) concentrate – capable of sustaining a long-term operation and with potential for expansion

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Maiden Probable Reserve announced July 2017 comprising 755 million tonnes at 14.7% DTR, totalling 111 million tonnes of Hawsons Supergrade® product.

Hawsons Supergrade®
“The right product, in the right place,

at the right time”.

Following 2017’s successful prefeasibility study results, Hawsons is now focused on advancing a bankable feasibility study, securing a mining lease and commencing production by mid 2024.

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