Latest Iron Ore Exploration News

AusQuest Limited has reported significant new coarse-grained magnetite intersections across multiple prospects at its Morrisey Project in Western Australia, signaling promising potential for premium iron product development.

Centaurus Metals reports strong value engineering results for its Jaguar Nickel Sulphide Project, confirming a 15-year mine life and first quartile costs, while advancing exploration at Boi Novo and Jambreiro iron ore projects.

Freehill Mining is progressing plans to restart mining at its Yerbas Buenas magnetite project in Chile, backed by promising bulk sampling results and a staged permit extension strategy.

Centaurus Metals has announced a maiden iron ore Exploration Target of 520-780 million tonnes grading 30-35% Fe at its Boi Novo Project in Brazil, alongside promising metallurgical testwork indicating high-grade concentrate potential.

Equatorial Resources Limited has refuted media reports claiming the Guinea government cancelled its Nimba Alliance iron ore exploration permits, stating no formal communication has been received and that it is actively seeking clarity.

Macarthur Minerals Limited has launched a pro-rata entitlement offer to raise nearly $2 million, issuing new shares with free attaching options, fully underwritten by Gold Valley Yilgarn Pty Ltd. The capital raise aims to advance exploration and development at its Giles Lake Iron Project and support corporate operations.

Tempest Minerals has announced a $1.47 million non-renounceable pro-rata entitlement offer to fund its gold and iron ore projects in Western Australia, offering new shares with free-attaching options to existing shareholders.

Pearl Gull Iron Limited reported limited exploration during the March 2025 quarter due to seasonal weather, focusing on strategic planning and environmental compliance at its Cockatoo Island iron ore project. The company’s cash reserves declined to $185,000 amid ongoing care activities and exploration groundwork.

QX Resources reported steady progress on its Queensland gold and US lithium brine projects while managing modest cash reserves and exploration expenditure in the March 2025 quarter.

Gullewa Limited reported a positive cash flow quarter ending March 2025 and increased its ownership in Central Iron Ore Limited to 54.46%, signaling strategic consolidation in its iron ore interests.

CZR Resources has terminated its prior deal with Miracle Iron and endorsed a superior A$75 million cash offer from the Rio Tinto-led Robe River Iron Associates JV for its Robe Mesa Project. The company retains promising gold and titanium-vanadium assets while preparing for shareholder approval.

Equatorial Resources has postponed its final arbitration hearing against the Republic of Congo to November 2025, while advancing exploration at its Nimba Alliance Iron Ore Project with promising high-grade results.