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Magnetite Mines Uncovers Rare Earths and Raises $3.86M to Boost Razorback Project
9:57am on Thursday 30th of October, 2025 AEDT
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Mining
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Magnetite Mines Uncovers Rare Earths and Raises $3.86M to Boost Razorback Project
9:57am on Thursday 30th of October, 2025 AEDT
Key Points
Ongoing negotiations to secure a second strategic partner for DFS funding
Progress on Mining Lease Proposal with in-principle tenement overlap agreements
Identification of near-surface rare earth elements at Ironback Hill
Completion of $3.86 million renounceable rights issue and placement
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Magnetite Mines (ASX:MGT)
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