Latest Iron Ore News

Killi Resources has kicked off a major drilling campaign at its Lodestone Iron Ore Project, aiming to grow and upgrade its 110Mt resource of high-purity magnetite expected to command a price premium.

Fortescue Metals Group delivered a record 201.3 million tonnes of iron ore shipments in FY26, maintaining cost control despite inflation and advancing its green energy projects. The company flagged a US$525 million impairment on Iron Bridge but remains focused on decarbonisation and growth.

Akora Resources has successfully raised $3.3 million through a placement and entitlement offer, advancing its high-grade Bekisopa iron ore project in Madagascar following a key mining permit grant.

Genmin has locked in A$3 million in unsecured director loans to fund working capital for its Baniaka iron ore project, avoiding immediate shareholder dilution while advancing project financing.

Fenix Resources delivered record iron ore shipments and haulage volumes in the June 2026 quarter, achieving full-year FY26 production within guidance while maintaining cash costs. The company strengthened its balance sheet with a US$44 million funding facility and forged a new freight partnership to reduce shipping costs.

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.