ASX Announcement – Notice under Section 708A(5)(e) of the Corporations Act 2001 (CTH)

This notice is given by Hawsons Iron Limited (ASX: HIO) (ACN 095 117 981) (the Company) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act).

The Company confirms that:

(a) the Company intends to issue ordinary shares without disclosure to investors under Part 6D.2 of the Act and without a prospectus for the ordinary shares being prepared.
(b) As a disclosing entity, the Company is subject to regular reporting and disclosure obligations.
(c) As at the date of this notice:

i. the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;
ii. the Company has complied with sections 674 and 674A of the Act; and
iii. there is no “excluded information” within the meaning of sections 708A(7) AND 708A(8) of the Act which is required to be disclosed under section 708A(6)(e) of the Act.

This notice is given in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (the ASIC Instrument 2019/547) and in particular, paragraph 7(f)(ii) of the ASIC Instrument 2019/547 which requires that the Company gives this notice to ASX within the 24 hours period before the share purchase plan offer.

Released by authority of the Board
Hawsons Iron Limited
8 February 2023
For further information:
Company Secretary
Richard Stephens
P: +61 (0)7 3220 2022

About Hawsons Iron Ltd

Hawsons Iron Ltd (ASX: HIO) is an iron ore developer and producer listed on the Australian Securities Exchange. The company is focused on developing its flagship Hawsons Iron Project near Broken Hill into a premium provider of high‐quality iron ore products for the global steel industry.

The Hawsons Iron Project is situated 60km southwest of Broken Hill, New South Wales, Australia in the emerging Braemar Iron Province. Prefeasibility Study (PFS) results for the Project, which was completed in 2017, showed that it is capable of producing the world’s highest‐grade iron product (70% Fe), making it one of the world’s leading undeveloped high‐quality iron ore concentrate and pellet feed project. Leading research firm Wood Mackenzie in Q2 FY 2019 rated the project one of the world’s best high‐grade iron ore development projects, excluding replacement or expansion projects owned by the established miners.