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Hawsons Iron Project – World’s Best Iron Ore products

Hawsons flagship project, the Hawsons Iron Project is set to supply one of the world’s highest-grade iron ore concentrate products to the global steel industry – essential to steelmakers transitioning to low-carbon ‘green steel’ production using renewables and less to no fossil fuels.

Following a Strategic Review of the project, the Company announced on 1 February 2023 the project is preparing to restart a Bankable Feasibility Study (BFS) to support production of 11 million tonnes per annum (Mtpa) of the Hawsons Supergrade® product – a 70 per cent iron (Fe) concentrate, which will be among the highest-grade iron ore products on the seaborne market. There is potential future staged expansion of up to 20 Mtpa over at least 20 years.

Hawsons Supergrade® will demand a price premium despite iron ore spot pricing fluctuations as it satisfies increasing global demand for premium, low-impurity feedstock that enables steel makers to reduce carbon dioxide emissions. Hawsons has agreed non-binding Letters of Intent for the offtake of more than 60 Mtpa of concentrate from the global steel sector. The current list of 18 potential off-takers, predominantly targeting Asia and the Middle East, includes 12 steel mill operators and six commodity trading houses.

The Hawsons Iron Project has been declared a State Significant Development by the New South Wales State Government, a Major Project by the Commonwealth Government, and an Impact Assessed Development (Major Project) by the South Australian Government.

About Us

Why Hawsons?

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One of 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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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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Following a Strategic Review of the project, the Company announced on 1 February 2023 that a modified Bankable Feasibility Study should assess an 11 million tonne per annum (Mtpa) project, which is expected to deliver superior economics and Environmental, Social and Governance (ESG) outcomes.

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

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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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2012 JORC Measured, Indicated and Inferred Resources of 3.92 billion tonnes – at a magnetite recovery of 12.3% (Davis Tube Recovery (DTR) at a 6% cut off) for 481 million tonnes of high grade concentrate – capable of sustaining a long-term operation and with potential for expansion.

Hawsons Supergrade®

“The right product, in the right place,

at the right time”.