Hawsons Iron Ltd (AU:HIO) has released an update.
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Hawsons Iron Ltd reports a significant 12.5% increase in their total Mineral Resource quantity following a drilling program, now totaling 4,415Mt. The company has also successfully raised $3.25M in capital and appointed a seasoned resource executive, Tom Revy, as the new CEO. Efforts are currently underway to secure strategic investors to fund further development and a definitive feasibility study.
For further insights into AU:HIO stock, check out TipRanks’ Stock Analysis page.