Under the Microscope: Carpentaria’s Hawsons Project
BY CAMERON DRUMMOND WITH discounts for lower quality iron ore increasing, Carpentaria Resources’ Hawsons project – the highest grade undeveloped iron ore project in the world – is ready to capitalise on growing demand from Chinese steelmakers for high grade product. We spoke with Carpentaria managing director Quentin Hill about the project’s Supergrade® product and his outlook on the future of the iron ore market. Q: How is Carpentaria’s Hawsons iron ore project progressing? We drilled the first hole in 2009, and released Hawsons first resource in 2010. It is a $US1.4 billion development cost over an 18-month period, and will produce an initial 10 million tonnes per annum (mtpa) of 70 per cent Fe Supergrade ore for projected annual revenue of…