Latest Iron Ore News

Fenix Resources has announced a maiden Ore Reserve of 26.9 million tonnes at 60.0% iron for its Beebyn Hub, combining the updated Beebyn-W11 and new Beebyn-W10 Stage 1 mines. This reserve underpins the company’s plan to ramp production to 6 million tonnes per annum by FY28 and secures over five years of mine life at current rates.

Hawsons Iron Limited’s latest bulk elutriation testwork upgraded its magnetite concentrate from 67.8% to 69.3% iron, slashing impurities and reinforcing the project’s premium product potential.

Fenix Resources reported a 131% jump in net profit to $12.47 million for FY26, driven by an 87% surge in revenue amid ongoing production ramp-up and infrastructure investments.

Hawsons Iron Limited has closed its Share Purchase Plan raising $1.23 million through the issuance of 111.82 million shares at $0.011 each, accompanied by free attaching options. Directors contributed $90,000, reinforcing alignment with shareholders.

Iron Bear Resources has received the last USD 1.3 million tranche from Vale, completing a USD 18 million Phase 1 funding package under their joint development agreement for the Iron Bear project in Canada.

Brockman Mining has regained full control of its Ophthalmia Project after Polaris Metals surrendered its joint venture interest, ending a loan obligation and opening new development options.

Fortescue Ltd delivered a record 201.3 million tonnes of iron ore in FY26, alongside a 3% rise in underlying net profit after tax to US$3.47 billion, despite a significant $750 million impairment charge on its Iron Bridge asset. The miner declared a fully franked final dividend of A$0.46 per share and continues to advance its ambitious decarbonisation and growth agenda.

Macro Metals has agreed in principle to sell its Agbaja Iron Ore Project in Nigeria to RSIN Nigeria Limited for US$5.67 million, allowing the company to refocus on Western Australian operations.

Accent Resources NL confirms no undisclosed information behind recent share price spike, attributing trading activity to positive metallurgical results from its Magnetite Range Project.

Magnetite Mines has secured a 12-month extension on $2.7 million of convertible notes, enhancing its financial runway for the Razorback Iron Ore Project amid ongoing strategic funding efforts.

Accent Resources reports promising dry magnetic separation test results from its Magnetite Range Project, highlighting potential for water-efficient processing and high-grade iron concentrate production.

Hawsons Iron (ASX:HIO) is aiming to raise up to A$1.5 million through a discounted Share Purchase Plan, sweetened with free attaching unlisted options exercisable at A$0.015 each.