Hawsons is a 100%-owned, PFS-stage open-pit magnetite project near Broken Hill. The current 4.415 Bt JORC resource contains Measured, Indicated and Inferred material, while the 2.300 Bt Probable reserve alone supports the May 2026 PFS production target of 257 Mt concentrate over 26 years. Bulk elutriation testwork at ALS Perth upgraded a concentrate sample from 67.8% Fe to 69.3% Fe, reduced silica from 4.04% to 2.48% and alumina from 0.40% to 0.29%, and yielded product phosphorus of 0.006%. The results confirm earlier testwork supporting elutriation in the PFS process flowsheet. Potential economic upside remains subject to large-scale and orebody variability testwork and further economic assessment. Refinement of elutriation operating conditions is planned during the final Feasibility Study. Infill drilling is planned to upgrade current Mineral Resources to Measured and Indicated and a portion of the Exploration Target to Inferred; additional drilling for metallurgical core is also planned.
- Country
- Australia
- Commodity
- Fe
- Stage
- Pre-Feasibility