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Magnetite Mines reshapes Razorback as funding pressure mounts
4:22pm on Wednesday 30th of September, 2026 AEST
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Mining
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Magnetite Mines reshapes Razorback as funding pressure mounts
4:22pm on Wednesday 30th of September, 2026 AEST
Key Points
A$3.91 million FY2026 net loss and A$2.01 million year-end cash
Auditor flags material uncertainty over going concern
Razorback reset targets lower upfront capital and development risk
Up to A$1.5 million SPP and placement planned
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Magnetite Mines (ASX:MGT)
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