Hawsons Iron LtdASX: HIO

Hawsons Iron sets the course for revised BFS, flags A$8.8 million raise

· Issued by Hawsons Iron Ltd

(via NewsDirect)

Hawsons Iron Ltd (ASX:HIO) managing director Bryan Granzien takes Proactive through a pivotal strategic review for the Hawsons Iron Project near Broken Hill. The review sets the stage for a modified bankable feasibility study (BFS), which will consider an 11-million-tonnes-per-annum iron ore operation. Hawsons is also out to raise up to A$8.8 million to fund a number of the key recommendations.

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