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Magnetite Mines Advances Razorback Project with Simplified Scoping Study and Funding Plans

9:43am on Friday 4th of September, 2026 AEST Mining
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Magnetite Mines Advances Razorback Project with Simplified Scoping Study and Funding Plans

9:43am on Friday 4th of September, 2026 AEST
Key Points
  • New scoping study prioritises higher-grade mining and saline water processing
  • Eliminates costly coastal desalination plant and adds 55km rail spur
  • Positive preliminary outcomes justify advancing to pre-feasibility study
  • Engagement ongoing with South Australian regulators on mining lease
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