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.
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