Exploration Drilling Program Update

Hawsons Iron is pleased to announce the start of a follow-up exploration drilling program to further define the extent, tonnage and grade of shallow magnetite mineralisation discovered in the Fold and Limb Zone south of the existing mineral resource. The Company is targeting additional magnetite at a depth of 30-150 metres with a grade greater than 9 per cent Davis Tube Recovery to further improve the Hawsons Iron Project’s cash flow during the first few years of operation and extend the mine’s projected 20-year production life. Read full ASX Announcement here.

Trucks working at Hawsons Iron Project site