Latest Iron Ore News

Genmin Limited has appointed a new CEO and Chair, improved its ESG rating to BBB, and made significant progress towards developing its Baniaka iron ore project in Gabon, targeting production in 2026.

Tombador Iron Limited reported a modest net cash outflow of $317,000 for the December 2024 quarter, yet holds robust cash reserves of $10.825 million, underpinning over 34 quarters of operational funding.

Tombador Iron Limited reports a modest cash increase and ongoing progress toward acquiring the Colomi Iron Project in Brazil, while managing royalty income from its sold Tombador project.

Mindax Limited progresses its Mid-West Shared Infrastructure Project and seeks development partners for the Mt Forrest Iron Project, while securing a significant R&D tax incentive refund.

CZR Resources faces ongoing delays in FIRB approval for its $102 million Robe Mesa sale, prompting a strategic pause in exploration and an extension of its loan facility to sustain operations.

Mount Ridley Mines has reported promising rock chip sampling results from its Weld Range West Iron Project, with assays reaching up to 62.03% iron content. The company is preparing for further exploration to better understand the potential of these high-grade zones.

Akora Resources reports strong progress at its Bekisopa Iron Ore Project in Madagascar, highlighted by successful drilling results, completion of key technical studies, and official support from the Malagasy government. The company is on track to deliver a Pre-Feasibility Study by Q1 2025, aiming to produce high-grade direct shipping ore for steelmakers focused on decarbonisation.

Australian Critical Minerals reports significant high-grade iron ore results from its Shaw and Cooletha Projects in the Pilbara, highlighting strong Direct Shipping Ore potential and strategic leadership additions.

Athena Resources reports significant progress on its Byro Magnetite Project alongside a successful $2.67 million entitlement offer, strengthening its financial position for upcoming development phases.

Hawthorn Resources has completed a pivotal Pre-Feasibility Study for its Mt Bevan Magnetite project and strategically converted its equity stake into a royalty, positioning the company for future value capture amid evolving market dynamics.

Tempest Minerals reports maiden drilling success at its Remorse target, revealing significant high-grade magnetite and base metal anomalies with an initial exploration target of up to 110 million tonnes at 30-32% iron.

Champion Iron reported solid Q3 FY2025 results despite a two-week shipment interruption, while progressing its DRPF upgrade and forging a key partnership for the Kami Project.