Latest Iron Ore Development News

AKORA Resources has secured a 25-year mining permit for its high-grade Bekisopa iron ore project in Madagascar, marking a pivotal step from exploration to development and unlocking new financing and partnership opportunities.

Magnetite Mines’ Razorback Iron Ore Project has been granted Major Project Status by the Australian Government, recognising its national economic importance and unlocking enhanced regulatory support for the next three years.

Tempest Minerals has completed the sale of its Yalgoo Project to Capricorn Metals for $4.5 million in cash and shares, while retaining key iron ore rights. The deal includes potential milestone payments tied to future gold discoveries and mining progress.

Lincoln Minerals has refreshed its leadership and shifted its corporate strategy towards copper discovery, advancing exploration plans at its Minbrie Project and forging key partnerships in graphite and iron ore development.

Iron Road Ltd maintained modest spending on its Central Eyre Iron Project while progressing exploration at the Mulgathing Project, with key drilling results awaited. The company also updated its strategic land options at Cape Hardy amid subdued steel market conditions.

Magnetite Mines Limited has been granted a new exploration licence adjacent to its Ironback Hill rare earth element project, expanding its strategic footprint in South Australia’s Braemar Iron Region. The licence offers promising optionality for future rare earth exploration while the company maintains focus on its core iron ore development.

Tempest Minerals has agreed to sell its Yalgoo Project to Capricorn Metals for $4.5 million in cash and shares, with additional payments tied to future discoveries and production milestones. The deal, expected to complete in early 2026, leaves Tempest retaining iron rights on key tenements while refocusing on other Western Australian assets.

Lincoln Minerals Limited’s November 2025 AGM presentation highlights a significant copper-lead-zinc-silver discovery at its Minbrie Project, alongside progress in iron, graphite, and uranium assets across South Australia’s Eyre Peninsula.

Cyclone Metals advances its flagship Iron Bear Project despite a minor delay in drilling caused by First Nations election disputes, while strengthening its cash position through significant share sales.

Legacy Iron Ore Limited reported solid progress in its September 2025 quarter, advancing gold production at South Laverton and pushing forward feasibility and environmental studies at the Mount Bevan magnetite project.

Macro Metals Limited has bolstered its financial position with a $2 million capital raise while making significant progress across its iron ore and construction sand projects, underpinned by strong Indigenous joint ventures and mining services development.

Iron Road Ltd progresses its Central Eyre Iron Project and Mulgathing heavy mineral sands exploration despite subdued iron ore investment and volatile energy costs. Strategic land options secured at Cape Hardy signal potential green hydrogen collaboration.