Ann: Entitlement Offer closes raising $1.17M, Shortfall commenced, page-68

Jak here is a fact for your vocabulary.

Most Advanced Junior Magnetite Iron Company on the ASXThe most advanced junior magnetite iron company on the ASX is Magnetite Mines Ltd (MGT), which is developing the Razorback Iron Ore Project ¹. Here are some key points about the company:· Project Location: The Razorback Iron Ore Project is located in the Braemar region of South Australia ².· Project Development: Magnetite Mines is fast-tracking the search for strategic and joint venture partners for the project and has received strong interest from several high-profile domestic and international parties ¹.· Product Specifications: The company is aiming to produce direct reduced iron (DRI) iron ore grades of 68.5% iron, less than 2.5% silica, and 0.4% alumina for at least the first 10 years of Razorback's operations ¹.· Sustainability: Magnetite Mines is focused on the development of high-quality iron ore products for green iron production ³.· Company Financials: The company had $3.08 million in cash and cash equivalents at the end of the last quarter ¹.Your welcome.