Latest Iron Ore News

Magnetite Mines has increased its Razorback Iron Ore Project resource estimate and is advancing strategic partnerships, while early saline water testwork shows promise for green iron production.

Magnetite Mines Limited has updated its Razorback Iron Ore Project Mineral Resource Estimate, increasing tonnage by 600 million tonnes through a revised cut-off grade that aligns with Ore Reserves. This reinforces the project's strategic position in South Australia's Braemar iron province.

Burley Minerals reports encouraging assay results from its maiden drilling at the Cane Bore South Target, confirming surface and near-surface iron mineralisation with high-grade intercepts. The company plans further exploration at larger adjoining targets in the Pilbara region.

Champion Iron Limited has upsized its senior notes offering to US$500 million, pricing the debt at 7.875% interest to refinance existing credit facilities and support ongoing project development.

Champion Iron Limited has launched a US$450 million senior notes offering due 2032 to refinance existing debt and support corporate initiatives, signaling strategic financial repositioning.

Macarthur Minerals has acknowledged breaching ASX conditions by issuing equity securities without approval and will seek shareholder consent to amend terms and comply with listing rules.

Tempest Minerals Ltd (TEM) has reported further metallurgical test results from its Remorse iron ore discovery in Western Australia, confirming high-grade iron concentrate with low impurities. These findings reinforce the project’s potential as a significant iron ore development within the Yalgoo region.

Macarthur Minerals has clarified key details regarding its recent convertible note funding, confirming the counterparty is an independent entity and highlighting the need for shareholder approval before issuing shares on conversion.

Juno Minerals has agreed to sell its Mount Mason DSO Hematite Project to Gold Valley Yilgarn for A$6 million plus a 2% royalty, unlocking cash and future income while focusing on its flagship Mount Ida Magnetite Project.

Macarthur Minerals has relaunched a renounceable rights issue to raise nearly A$2 million, fully underwritten by Gold Valley, aiming to fund its Lake Giles Iron Project and strengthen its balance sheet.

Hawsons Iron Ltd has been reinstated to ASX trading following an announcement of a proposed capital raising, signaling renewed investor interest.

Hawsons Iron Limited is raising up to $1 million through a discounted Share Purchase Plan to fund critical project development while continuing strategic investor discussions.