Latest Iron Ore News

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.

AKORA Resources has secured A$1.6 million through a placement and is closing a A$1.7 million entitlement offer to fund advancing its high-grade Bekisopa iron ore project in Madagascar, with strong strategic partner interest and refreshed corporate governance.

Killi Resources has agreed to acquire an 80% interest in the Lodestone Iron Ore Project, boasting a 110Mt inferred resource with premium 69% Fe concentrate, backed by a $15 million capital raise.

MGX Resources is set to exit its Koolan Island iron ore operation, selling to Crestlink for $20.2 million upfront plus potential revenue share, while shifting focus to gold development.

Macarthur Minerals has approved a joint venture where Gold Valley assigns half its interest in the Lake Giles Ularring Hematite Project to Destec, bringing fresh operational expertise to the venture while Macarthur retains full ownership of its tenements.

Iron Bear Resources has applied for its Labrador Trough iron ore project to be designated a Project of National Significance under Canada's new Building Canada Act, aiming to fast-track approvals and financing.

Akora Resources has pushed back the deadline for its $1.7 million entitlement offer to 19 June 2026, responding to shareholder feedback and ensuring broader participation.

Champion Iron Limited reported a 19% increase in net profit to C$168.7 million for FY2026, driven by record production and sales, progress on its DRPF project, and the strategic acquisition of Rana Gruber.