Latest Iron Ore Mining News

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 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.

MGX Resources is accelerating development at its Central Tanami gold project with underground exploration and resource drilling, while monetising Koolan Island through a $20.2 million sale plus future revenue share, bolstering its cash reserves.

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.

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.

Genmin has drawn strong international interest to finance its Baniaka iron ore project in Gabon, with proposals ranging from joint ventures to prepayment facilities. The Gabonese government backs the project as a national priority, aiming for a final investment decision by mid-2026.

Iron Bear Resources has boosted its Indicated Mineral Resource by 114% to 4.5 billion tonnes at 29.5% Fe, while total resources fell 18% due to updated geology and economics. The Labrador Trough project now rests on a stronger technical foundation with high-quality magnetite concentrates confirmed.

RocketDNA Ltd delivered a break-even operating cash flow quarter with $2.47 million revenue, driven by soaring autonomous drone usage and the debut of its Skylink® operating system.

Newcam Minerals has exercised its option to acquire a 60% interest in Alchemy Resources' Bryah Basin Iron Ore Project, paying $500,000 and taking operational control. Alchemy retains a 40% free-carried stake to a Decision to Mine, reducing its development risk while preserving upside exposure.

Monadelphous Group Limited has announced new and extended contracts worth approximately $145 million across key resource sector sites in Australia and Papua New Guinea, reinforcing its longstanding industry presence.

Grange Resources has released its 2025 Annual Mineral Resource and Ore Reserve Statement for its Savage River operation, reporting only minor declines due to mining depletion and ongoing refinement of underground plans.

Magnetite Mines Limited’s MGTOG securities have been suspended from ASX quotation due to non-compliance with listing rules, raising questions about the company’s regulatory standing.