Hawsons Iron Ltd (ASX:HIO)'s managing director Bryan Granzien joins Proactive’s Andrew Scott to highlight a resource upgrade for the namesake iron ore project in New South Wales. The company announced a 21% increase in the mineral resource estimate for the project near Broken Hill. The project’s mineral resource estimate now totals 484 million tonnes with a maiden measured component of 54 million tonnes and an increase in indicated resources to 193 million tonnes. Mineral resources in the higher confidence categories will support the project’s future reserve estimation and finalising the project’s financing package while allowing for the completion of engineering and mine designs for the eventual extraction of iron ore.
Hawsons Iron looks to produce bankable feasibility study following mineral resource upgrade
