• Preliminary Feasibility Study (PFS) underway and well progressed
• Collaborative Research Project with CSIRO underway with Stage 1 complete
• Other Process Test Work Programs as part of the Definitive Feasibility Study, advancing
• Share Purchase Plan and Share Placement completed in July, raising $1.9M

Hawsons Iron Limited (Hawsons or the Company) has provided an update on its quarterly activities, highlighting key developments in its Preliminary Feasibility Study (PFS), collaborative research with CSIRO, and additional process test work programs. The PFS, being undertaken by Stantec as independent engineering consultants, is well progressed and includes completion of metallurgical test work, engineering around primary crushers and Vertical Roller Mills, integration of previous metallurgical data, and capital and operating cost estimates. The Company expects to release further information on project economics following the completion of the PFS. Hawsons also commenced a two-part collaborative research project with CSIRO, with the first phase focused on identifying the chemical and mineralogical properties of the non-magnetic iron content in the tails fraction. The results from this phase were encouraging, providing a basis for further investigations into the potential economic recovery of hematite from the tailings stream. In addition to the PFS and CSIRO research, Hawsons is undertaking a range of other test work programs, including Vertical Roller Mill sample testing with GEBR Pfeiffer and magnetic separation test work with Longi Magnet. During the quarter, the Company also completed a Share Purchase Plan and Share Placement, raising a total of $1.9M. The funds will be used to support the ongoing activities and development of the Hawsons Iron Project.