• Hawsons receives non-binding debt funding Expression of Interest from KfW IPEX
• EOI offers support for financing German mining equipment exports for Hawsons Iron Project
• Potential capital expenditure on German equipment exports around $AU 1.37B, 31% of total project funding

Hawsons Iron Limited (Hawsons or the Company) has received a non-binding debt funding Expression of Interest (EOI) from major European lender - KfW IPEX. The EOI offers support for financing regarding the export of German mining equipment for the Hawsons Iron Project and leverages off established relations with German suppliers. KfW IPEX is a specialist in international project and export finance within the German KfW Banking Group, focused on renewable energy, infrastructure and industrial financing. The EOI confirms KfW IPEX's general interest in supporting the export supply phase of the Hawsons Iron Project through structured financing solutions, specifically utilising export credit agency backed financing under the coverage of Euler Hermes, the official export credit agency of the Federal Republic of Germany. The EOI provides for an indicative financing of 85% of eligible mining and processing equipment exports. Hawsons is currently evaluating a range of German equipment including crushers, vertical roller mills, magnetic separators, conveyors and filters. Discussions have also commenced on expanding this to include specialist construction and commissioning support contracts. Based on the Hawsons Iron Project Pre-feasibility Study, the potential capital expenditure on German equipment exports is in the order of $AU 1.37B, representing around 31% of the total Project funding requirement of $AU 4.43B. A finance facility resulting from the KfW IPEX EOI would form a material component of the broader Project debt financing package.