Hawsons Iron Ltd. has appointed non-executive Director Mr. Jeremy Kirkwood as Chair to lead the Board through the next critical phase to fund a modified Bankable Feasibility Study (BFS) for the Company's flagship, high-grade magnetite project near Broken Hill in NSW. Mr. Kirkwood, whose appointment is effective immediately, takes over from Mr. Bryan Granzien who has resumed his former role as Managing Director after serving as interim Executive Chair since April 2023. Mr. Kirkwood thanked Mr. Granzien for stepping in as Executive Chair during the past five months and his fellow Directors for the privilege to lead the Board through the challenging next stage in the Company's evolution.

Mr. Kirkwood said the creation of a `green' global steel industry would require massive associated investment and significant structural change in the commercial linkages between up and down stream participants over the next few decades. Mr. Kirkwood was previously a managing director at Credit Suisse, Morgan Stanley and Austock. He has served as a director on a range of public, private and not-for-profit company boards, sits as chair of ASX-listed Joyce Corporation Ltd. and is a non-executive director of ASX-listed Talisman Mining Ltd.