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MAGNETITE MINES LIMITED. - News & Media

Market Cap $27.06M  ! watchlist Created with Sketch. Add to my watchlist
Steel Steel

Magnetite Mines Limited is an Australia-based iron ore company. The Company is focused on... Magnetite Mines Limited is an Australia-based iron ore company. The Company is focused on the development of magnetite iron ore resources in the highly prospective Braemar iron region of South Australia. Its projects include Razorback Iron Ore Project and Muster Dam Iron Ore Project. The Razorback Iron Ore Project is a magnetite iron ore deposit capable of producing a high-grade iron ore concentrate product for use in steel production. The Project is situated approximately 45 kilometers (km) from open-user rail, 120 km from the power grid and 200 km to existing deep water ports. The project consists of two magnetite iron ore deposits, the Razorback and the Ironback Hill deposits. The Muster Dam Iron Ore Project is hosted by the same Braemar Iron Formation as the Razorback Iron Ore Project. The project is located approximately 110 km to the northeast of Razorback. The Company has a total mineral resource of six billion tons of iron ore located approximately 240 km from Adelaide.More

Articles & Videos

Magnetite Mines' (ASX:MGT) Razorback gains boost with maiden Iron Peak ore reserve

Magnetite Mines (ASX:MGT) has reported an increase in probable ore reserves for its flagship Razorback iron ore project.

09 Jun 2023 16:47 (AEST)

Magnetite Mines (ASX:MGT) and Whyalla Ports investigate export options for Razorback, SA

Magnetite Mines (ASX:MGT) has signed a memorandum of understanding (MOU) with Whyalla Ports to investigate export services for its Razorback iron ore project in South Australia.

06 Feb 2023 17:52 (AEDT)



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27.5¢ 		Change
0.015(5.77%) 		Mkt cap ! $27.06M
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27.5¢ 28.0¢ 27.0¢ $22.21K 79.8K

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Last trade - 16.10pm 29/04/2024 (20 minute delay) ?
Last
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