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Hawsons Iron Ltd has completed a comprehensive Strategic Review of its Hawsons Iron Project that concluded a modified BFS should assess an 11 Mtpa project.
The Strategic Review recommended a two-pronged action plan to improve the Net Present Value (NPV) of the project by reducing costs and accessing higher grade ore earlier.
The Board has approved a $7.8 million placement and a Share Purchase Plan (SPP) to raise a further $1 million to fund additional value engineering and a three-stage resource definition program targeting higher grade ore.