HIO - HAWSONS IRON LIMITED

[grevillia]

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Newsletter

[mme]

Be interested to see if Silvergate acquire BMG'S interest, whether they attempt to takeover the rest of CAP?

[mme]

Strange one this one. Over last two weeks has gone from around 17 cents and hit a high of 28.5 cents today! One to watch to see the latest outcome of voting.

[blacksheep]

In a Trading Halt - the company is in the advanced stages of a major transaction involving offtake-linked bankable feasibility study and construction funding.

 

CAP claim their - HAWSONS SUPERGRADEÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚® PRODUCT is "+ The worldÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s highest iron content iron ore (70% Fe)"

 

Will be interesting to see who is behind this "major transaction"

[nipper]

after hitting a high of around 11c in late 2017, and a cap raise in March 2019 to keep it going, CAP has beavered away at its Hawsons orebody, hoping to get traction.

An offtake with Mitsui for 2Mtpa eventually fell by the wayside. Board ructions and eventual changing out took up much of 2020, and today Carpentaria Resources share price is up 40% to 6.5c today after announcing that it has reached agreement with Pure Metals Pty Ltd that will lead to the completion of the sale and purchase agreement under which CAP will acquire Pure Metal's 24.149% of the Hawsons Iron Project for consideration of 90.8 million CAP shares.

 

This agreement will free up CAP to move forward with the Hawsons Iron Ore Project on its own terms. It is expected they will get moving on Hawsons pretty quickly now that all obstacles in front of them have been removed (and Iron ore price remains elevated).

 

 

(and on 17 Nov, 2017, Carpentaria Exploration Limited changed its name to Carpentaria Resources Limited.)

[nipper]

and up, over the last four weeks, ... In response to a recent ASX Price Query, the company said:

CAP is not aware of any other explanation for the recent trading in its securities, other than the continued strength within the iron ore market and the fact that the Company now holds approximately 94% of the Hawsons Iron Joint Venture

.

Today the share price has hit a high of 22.5c but has since retreated back to 18.5c.

 

The ore that will be produced at the Hawsons Iron Ore Project will be the Supergrade (70% iron) product which fetches a premium price, currently around $US256 a tonne. Management believes there is a disconnect between the CAP share price and the iron ore price, but maybe the market is catching on.

 

 

[nipper]

On 23 August 2021, Carpentaria Resources Limited (CAP) changed its name to Hawsons Iron Limited (HIO)

Hawsons Iron Ltd (HIO, formerly Carpentaria Resources Ltd) is a mineral exploration company. HIO is currently focused on developing the flagship Hawsons Iron Project near Broken Hill, NSW into a premium producer of high quality iron ore products for the global steel industry.

 

[nipper]

Prefeasibility study results (refer ASX announcement 28 July 2017) have shown that Hawsons is capable of producing the world’s highest grade iron product (70% Fe) profitably, making it the leading undeveloped high quality iron ore concentrate and pellet feed project in the world.

It is magnetite, so it needs tweaking to get the grade up  .... a magnetite recovery of 14% (Davis Tube Recovery (DTR) at a 9.5% cut off) for 348 million tonnes of high grade (69.7% Fe) concentrate

Initial planned production of 10 Mtpa already oversubscribed by leading international steelmakers and traders,

 

[nipper]

The ore that will be produced at the Hawsons Iron Ore Project will be the Supergarde (70% iron) product which fetches a premium price, currently around $US256/tonne. Management believes there is a disconnect between the CAP share price and the iron ore price, but the market is catching on.. from CAP times June last year

[nipper]

some research