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Magnetite Mines Extends JFE Deal and Boosts Razorback Resources
9:37am on Wednesday 30th of July, 2025 AEST
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Mining
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Magnetite Mines Extends JFE Deal and Boosts Razorback Resources
9:37am on Wednesday 30th of July, 2025 AEST
Key Points
Razorback Mineral Resource Estimate increased from 3.2 to 3.8 billion tonnes
Non-binding Heads of Agreement with JFE Shoji Australia extended to December 2025
Ongoing negotiations with a second strategic partner for DFS co-investment
Metallurgical tests confirm potential for premium Direct Reduction grade concentrates
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