Hawsons Iron Ltd retirement announcement

Hawsons Iron Ltd (ASX: $HIO) has announced the retirement of Managing Director Bryan Granzien, effective 5 July 2024. Mr. Granzien's retirement follows the completion of work recommended by the Strategic Review and the first phase of the Strategic Investor process to secure funding for the Hawsons Iron Project's Bankable Feasibility Study (BFS). An executive search is underway for a well-credentialed replacement to lead the management team forward and progress development of the Company's world-class magnetite deposit.

Executive Commentary on Retirement

We wish Bryan well and thank him, particularly for implementing the Strategic Review's engineering design and drilling work programs which were completed during the past 15 months and delivered positive outcomes for the project. This is an appropriate juncture for a new chief executive to lead the Company through the partnering, funding, and management of the BFS, and construction and commissioning of the Hawsons Iron Project.

Summary of Retirement Announcement

Hawsons Iron Ltd (ASX: $HIO) has announced the retirement of Managing Director Bryan Granzien, effective 5 July 2024. Mr. Granzien's retirement follows the completion of work recommended by the Strategic Review and the first phase of the Strategic Investor process to secure funding for the Hawsons Iron Project's Bankable Feasibility Study (BFS). An executive search is underway for a well-credentialed replacement to lead the management team forward and progress development of the Company's world-class magnetite deposit. The retirement marks a transition period for the company, positioning it to finalize due diligence discussions with qualified Strategic Investors and negotiate definitive investment terms to enable funding and commencement of work on the Hawsons Iron Project BFS. The company is optimistic about the future and is actively seeking a new chief executive to lead the next phase of development and construction of the Hawsons Iron Project.