Engineering contractor appointed for Hawsons process optimisation
Emerging magnetite development company Hawsons Iron has appointed engineering firm Stantec Australia to conduct a review of the current process plant design and supporting infrastructure.
The optimisation phase is an integral part of simplifying the flowsheet of the Hawsons project, near Broken Hill in New South Wales, said CEO Tom Revy.
Simplifying the flowsheet would seek to lower capital and operating costs, while improving environmental aspects of the project, he explained.
The study is expected to be completed in October.
In parallel with this work, the company continues to investigate the potential to viably extract byproducts from the tailings stream prior to deposit into the tailings storage facility. This work is likely to continue until the end of the year and has the potential to materially improve the project’s financial return for shareholders.
In addition, Hawsons said that the budget for completing the definitive feasibility study was under review, as a number of areas were likely to result in a decrease to initial cost estimates.
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