Carpentaria Resources (CAP) was the old name of HIO. First CAP discovery was early 2009, if I recall correctly. Refer to the ASX quarterly activities report ending 31 Mar 2009 (dated 22 Apr 2009). It then earned its own release on 25 May 2009 'Carpentaria outlines significant magnetite iron prospect 60 km SW of Broken Hill'. It then took another eight years to get to PFS stage. It's then been another five years and counting, to get to DFS stage - which is now delayed/on ice.
Almost an identical story to @Franciscus's MGT, who used to be called ROY, and also did a PFS in 2011, and then hibernated until 2021, when it ran up on huge hype, released another PFS, and then crashed due to the economics and the huge capex.
HIO Price at posting:
7.9¢ Sentiment: None Disclosure: Not Held
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