Hawsons Iron Project, NSW

Hawsons Iron Ltd (HIO) | PFS Update May 2026 | Released 26 May 2026

Mine life

26 years

Life of Mine, Probable Ore Reserve only

Strip ratio

0.43

Overall, waste to ore, tonnes

NPV

$AU 1.87B

Pre-tax, 8%

Capex

$AU 4.94B

Total initial, 2 construction stages

Inferred share: Reserve-based, no Inferred; separate larger-pit schedule 25% Inferred

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

Reserve-based, no Inferred; separate larger-pit schedule 25% Inferred | Geotechnical design by PSM | Dilution skin 5m | Owner mining, contractor explosives | Mine plan by AMDAD

Also in the release

Up to 12Mtpa of +68% Fe magnetite concentrate from ore at 11.6% DTR average head grade. C1 cost $US 44.20/dmt; Phase 1 capital $AU 3.88B. Mine plan unchanged from the December 2025 PFS.

Read the release on the company's siteAdded to the tracker; released before the first issue of The Study Sheet.

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