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.