How Will Hawsons Iron Fund Its Massive 2.3Bt Magnetite Project?

• 2.3 billion tonnes Probable Ore Reserve at 11.7% DTR and 16.7% total iron
• Pre-Feasibility Study endorses 26-year mine life producing +68% Fe magnetite concentrate
• Pre-tax IRR of 10.93% and NPV8 of AUD 1.36 billion at current iron ore prices
• Initial capital expenditure estimated at AUD 3.91 billion with total funding need around AUD 4.43 billion