Latest Iron Ore News

Fenix Resources has secured crucial regulatory and environmental approvals for its Beebyn-W10 iron ore mine, adjacent to Beebyn-W11, forming the Beebyn Hub. This milestone underpins the company’s 3-Year Production Plan aiming for up to 6 million tonnes per annum by FY28.

Admiralty Resources has pushed its Mariposa Iron Ore Project into pre-production, completed initial shipments, and raised $7 million in a rights issue, while reporting a $4 million loss for FY25 amid ongoing operational and financial challenges.

Macro Metals has secured 100% of the Yandi South Iron Ore Project, adding a historical 4.28Mt resource and promising exploration upside near major Pilbara mines. The deal complements its existing Extension Iron Project stake and mining services contracts.

Killi Resources is launching a major exploration push at its Lodestone Iron Ore Project, targeting rapid growth of its 110Mt inferred resource through an extensive drilling and geophysical campaign.

Fenix Resources delivered a record 1.3 million tonnes shipment in June quarter, meeting FY26 guidance with 4.4 million tonnes and setting a 14% higher FY27 target while holding costs steady.

Akora Resources has placed the remaining $1.54 million shortfall from its entitlement offer and raised an additional $164,000 in a placement, bolstering funds to advance its Bekisopa iron ore project in Madagascar.

Iron Bear Resources has received the fourth tranche of USD 2 million from Vale, advancing the development of its Iron Bear iron ore project in Canada. This latest funding supports critical operational milestones including drilling and the Pre-Feasibility Study.

Akora Resources has completed a $3.3 million equity raise combining a $1.6 million placement and a modest $187,000 entitlement offer, positioning the company to push forward with mine development following its recent mining permit grant.

Killi Resources has received regulatory approval to launch a major drilling campaign at its newly acquired Lodestone iron ore project, aiming to expand and upgrade a 110Mt inferred resource with a high-purity magnetite concentrate.

Fenix Resources has partnered with Mira Bulk to reduce iron ore shipping costs and secured US$44 million in long-term funding, underpinning its production ramp-up to 6 million tonnes by FY28.

Macro Metals has uncovered high-grade iron assays up to 62.1% Fe in newly mapped areas adjacent to its existing 16.1Mt @ 54.2% Fe resource at the Extension Iron Project, while environmental surveys clear the way for upcoming approvals.

Iron Bear Resources (ASX:IBR) has detailed progress on its Canadian Iron Bear Project, highlighting a robust scoping study, a major joint venture with Vale, and strategic advantages in a growing direct reduction pellet market.