An iron ore project being carried out southwest of Broken Hill is now showing positive signs, according to the lead mining company.
Hawsons Iron Limited’s major drilling program is on track for completion early next month following delays caused by several disruptions.
Executive Chairman, Bryan Granzien, is pleased with the project’s current progress.
“We are pushing to catch up on the delays we’ve got from rain, COVID and some supply issues,” he said.
“We are now back on track and going particularly well.”
Mr Granzien was in Broken Hill for a few days last week and spent time at a drilling site 60kms out from town.
Six drilling rigs are currently in operation, with another expected to arrive.
Hawsons is six months into its bankable feasibility study (BFS) that is expected to be finalised by the end of the year.
“We are full steam ahead now to complete that bankable feasibility study by December 2022,” Mr Granzien said.
“Project is going well – we’ve already put in place a capital facility $250 million through LDA Capital out of the (United) States.
“That forms the basis of our capital raise between two and three billion dollars depending on what transport option we will be looking at putting in place.”
The company will gather results from all drilling programs throughout the BFS before completing its Jorc upgrade.
Environmental consultants are being engaged while the search for engineers to start the design work on the process plant are being identified.
Mr Granzien said all work is handled with care and strict safety measures.
“Whilst this not a mining operation, a lot of the regulations and requirements are very similar,” he said. “We are a company that takes those very seriously.”
Everyone who goes onto the site is inducted with required PPE (Personal Protection Equipment), and clearances are also needed.
The Executive Chairman said Hawsons Iron are approaching “peak activity” and stated he would be making frequent trips to the region.
He thanked the Broken Hill City Council for its cooperation during the project.