Hawsons Iron : Company Update

onlyNovember 2021

useersonalHawsons Supergrade® Iron Ore www.hawsons.com.au

Hawsons Iron Limited (ASX : HIO)

Note : This is a copy of the Company Update provided during the AGM of 16 November 2021. There is no additional material information included in this presentation that has not been released to the market previously.

Executive Chairman - Company Update

only	FY21 Overview and Highlights
1.
2.	FY22 Q1Highlights
use	What makes the Hawsons Iron Project
3.
ersonal	unique?
Outlook
4.
HAWSONS IRON	www.hawsons.com.au	Hawsons Iron Ore Project | 2

FY 21 Highlights - Restructured to Unlock Value

only
+ Consolidation of Hawsons Iron Project
use	ownership
+ Board Leadership restructure
+ Clear Strategic Direction
ersonal
HAWSONS IRON	www.hawsons.com.au	Hawsons Iron Ore Project | 3

FY 22 Q1 Highlights

				BFS Highlights
+ Delivered the full financial resources for	o NSW Resources regulator approval to commence confirmatory
only	the Project's Bankable Feasibility Study	drilling program to further define the resource
o Appointment of consultants and contractors including
(BFS)
use		specialist geological and mining consultants
		o Assembly of a highly skilled and experienced Project team
	+ Fully underwritten placement, private placement and an	o Undertook detailed analysis and modelling of future pit
	entitlements offer to shareholders		optimization
ersonal	+ Raised $35,596,844 (before costs)		o Progressed selection for preferred end users, offtakers
	o Commenced Pilot plant preparation work and process review
+ Cash at bank as of 30 September 2021 of A$33.96m	o Began detailed analysis of the potential of new technologies to
			produce a low carbon concentrate and reduce operating costs
			o Target date for BFS completion is 31 December 2022
HAWSONS IRON	www.hawsons.com.au	Hawsons Iron Ore Project | 4

FY 22 Q1 Highlights

only+ Re-invigorated with new brand

useersonalHAWSONS IRON

1. Re-brandedfrom Carpentaria Resources Limited (ASX: CAP)
   to Hawsons Iron Limited (ASX: HIO), August 2021 to reflect new direction

1. Plan to significantly enhance profile and tell the Hawsons' story

www.hawsons.com.au

Hawsons Iron Ore Project | 5