Latest Iron Ore News

Fenix Resources delivered a record 2.4 million tonnes of iron ore in FY25, marking a 64% production jump as it transitioned to a multi-mine operation. Despite iron ore price declines, the company maintained strong cash flow and declared a fully franked dividend, setting ambitious FY26 growth targets.

Fenix Resources reported a strong 22% revenue increase for FY25 but saw net profit tumble 84% amid heavy investment in production expansion. The company declared a fully franked dividend exceeding net profit, balancing shareholder returns with growth ambitions.

Duratec Limited reported record FY25 results with revenue of $573 million and a robust $4.16 billion project pipeline, driven by strong Energy and Emerging sectors growth. Despite Defence sector delays, the company is well positioned for expansion in FY26.

Lincoln Minerals Limited is gearing up for drilling at its Minbrie copper-base metals project in South Australia, while reporting robust financial metrics for its graphite and high purity iron projects.

Fortescue Metals Group reported a robust FY25 with record iron ore shipments and strong profits, while advancing its green metal and decarbonisation initiatives. The company also provided solid FY26 guidance amid ongoing exploration and capital discipline.

Fortescue Metals Group reported a solid US$3.4 billion net profit for FY25, driven by record iron ore shipments and a strong balance sheet, while advancing ambitious decarbonisation and green energy projects.

Fortescue Ltd reported a solid FY25 with record iron ore shipments and a strong profit, while making significant strides in its decarbonisation agenda including renewable energy projects and green metal production.

Cullen Resources has agreed to sell its Wyloo iron ore royalty to Vox Royalty for A$1.5 million cash, while retaining a significant payment right tied to mining commencement.

Magnetite Mines Limited faces immediate suspension of its MGTOF securities from ASX quotation due to non-compliance with listing rules, raising questions about regulatory hurdles ahead.

BCI Minerals has transitioned to full-scale operations at its Mardie Salt Project, marking a pivotal moment with strong construction progress, secured financing, and binding offtake agreements. The company remains on track for first salt shipment by late 2026.

Vysarn Limited delivered a robust FY2025 performance, driven by significant acquisitions and expanding operations across Australia’s water infrastructure sector. The company’s strategic moves position it well for sustained growth amid evolving market demands.

Vysarn Limited reported a robust 40% increase in revenue to $106.5 million for FY2025, driven by key acquisitions and national expansion. The company’s profit after tax rose 34%, underscoring its growing footprint in Australia’s water infrastructure sector.