Latest Iron Ore Operations News

Mount Gibson Iron reported a significant net loss for FY25 amid weaker iron ore prices but is pivoting towards gold with a major acquisition in the Northern Territory.

Peregrine Gold has identified a promising new Channel Iron Deposit target near its recent Coopers CID North discovery, with high-grade iron ore samples and plans for imminent exploration.

Cyclone Metals Limited has completed a comprehensive Scoping Study for its Iron Bear magnetite project in Canada, revealing strong economic potential and a strategic funding partnership with Vale S.A. The study outlines multiple production scenarios and highlights the project's alignment with low-carbon steelmaking trends.

Peregrine Gold Limited has completed key geophysical surveys and aircore drilling at its Newman Gold Project, revealing promising gold anomalies and a significant Channel Iron Deposit near major iron ore operations. The company also successfully raised over $0.8 million, positioning itself for an active exploration phase ahead.

Peregrine Gold has announced a major discovery of a high-grade Channel Iron Deposit spanning over 7.7km near established BHP iron ore operations in Western Australia, signaling a promising new chapter for the Newman Gold Project.

Peregrine Gold Limited has announced a major discovery of a high-grade Channel Iron Deposit spanning over 7.7km near key BHP iron ore operations in Western Australia. Initial assays reveal iron grades averaging 57%, highlighting significant potential for the Newman Gold Project.

Mount Gibson Iron Limited is set to acquire a 50% stake in the Central Tanami Gold Project from Northern Star Resources for $50 million, marking its strategic entry into the precious metals sector. The project boasts a substantial 1.6 million ounce gold resource and significant infrastructure, positioning MGX for potential development within 18 months.

Mount Gibson Iron Limited has agreed to acquire Northern Star Resources' 50% stake in the Central Tanami Project, gaining access to 1.6 million ounces of gold resources and existing infrastructure in the Northern Territory.

Hot Chili Limited has released a robust Preliminary Feasibility Study for its Huasco Water project in Chile, outlining a multi-stage water supply network to support mining, agriculture, and communities in the water-stressed Huasco Valley. The project boasts strong financial metrics and key MOUs with major mining and industrial clients.

Macarthur Minerals has announced a fully underwritten pro-rata rights issue to raise nearly A$2 million, aiming to fund corporate operations and advance strategic options for its Lake Giles Iron Project.

AKORA Resources has appointed Peter Bird as its new Managing Director and CEO, marking a strategic leadership change aimed at advancing the Bekisopa Iron Ore Project and securing critical funding and partnerships.

NEXION Group Ltd reported a 5.45% revenue increase to $1.16 million for Q1 2025, driven by new satellite communication projects in Western Australia's iron ore sector and a strategic reduction in operating costs.