Hawsons Iron Ltd Reports Resource Surge and Expansion

Hawsons Iron Ltd (AU:HIO) has released an update.

Hawsons Iron Ltd recently updated their mineral resource estimate, revealing a significant 12.5% increase to 4,415Mt, bolstered by promising results from the Fold Zone, which is anticipated to enhance early project cash flow and extend mine life. High-grade intersections and newly identified mineralization within 150m of the surface highlight the site’s potential. Following a successful drilling program and the acquisition of a larger mining lease, the company plans to launch an extensive infill drill program to further increase resource certainty and project value.

For further insights into AU:HIO stock, check out TipRanks’ Stock Analysis page.