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Magnetite Mines Expands Rare Earths Footprint with New Braemar Creek Licence
12:12pm on Wednesday 7th of January, 2026 AEDT
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Mining
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Magnetite Mines Expands Rare Earths Footprint with New Braemar Creek Licence
12:12pm on Wednesday 7th of January, 2026 AEDT
Key Points
Exploration Licence EL7100 ‘Braemar Creek’ granted, covering 227 sq km
Licence borders Ironback Hill REE mineralisation area
Secures downstream drainage corridors linked to clay-hosted REE deposits
No exploration yet on EL7100; modest work program planned
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