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Magnetite Mines Accelerates Critical Minerals Push After Major Project Status Win

8:38am on Tuesday 10th of March, 2026 AEDT Mining
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Magnetite Mines Accelerates Critical Minerals Push After Major Project Status Win

8:38am on Tuesday 10th of March, 2026 AEDT
Key Points
  • Razorback Iron Ore Project awarded Federal Major Project Status in February 2026
  • 6.6 billion tonne mineral resource and 2 billion tonne ore reserve underpinning project
  • Active exploration underway for rare earth elements at Ironback Hill and copper at Mutooroo Ridge
  • Strategic partnering approach broadened amid global steel decarbonisation momentum
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