Latest Iron Ore News

Pearl Gull Iron Limited’s shares have been suspended from ASX trading following the sale of its main asset, the Cockatoo Island Project, as the company works to meet compliance requirements.

Pearl Gull Iron Limited has been suspended from ASX trading after failing to meet operational requirements, raising questions about its future on the exchange.

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.

Peregrine Gold Limited has announced significant progress across its Pilbara projects, including new sampling programs targeting gold anomalies and approvals for drilling at key prospects. The company’s latest assays and heritage agreements set the stage for upcoming exploration activities.

Magnetite Mines Limited has announced a renounceable rights issue aiming to raise up to $3.92 million to fund exploration across its South Australian tenements and advance the Razorback Iron Ore Project, recently awarded Major Project Status.

Red Hill Minerals has reported a robust half-year performance for FY26, driven by strong royalty revenue from the Onslow Iron Ore Project and ongoing exploration investments. The company declared an interim fully franked dividend of 11.6 cents per share.

Vysarn Limited has reported a record half-year financial performance for 1HFY26, with net profit before tax soaring 92% year-on-year. The company reaffirms its $20 million NPBT target for FY26, underpinned by strong growth across all business segments and strategic project progress.

Grange Resources has reported a notable decline in profits for the 2025 financial year, alongside an 8% fall in revenues and no dividend payout, signaling a cautious stance amid challenging conditions.

Babylon Pump & Power reported a $7.16 million loss for H1 FY26, weighed down by acquisition-related expenses and an impairment charge, while its rental segment soared post-acquisitions.

RocketDNA Ltd reported a 6% increase in revenue to AUD 76.83 million for the year ended 31 December 2025, expanding its autonomous drone footprint across Australia and Africa while securing major mining contracts.

Fortescue Ltd has reported a record first half FY26 with iron ore shipments surpassing 100 million tonnes and a robust net profit after tax of US$1.9 billion, while advancing its ambitious decarbonisation and growth initiatives.

Catalina Resources has divested its Nelson Bay River iron ore project and secured a capital injection from Newcam Metals at a significant premium, bolstering its financial position for future exploration.