Latest Iron Ore News

Mineral Resources Limited’s majority-owned Resource Development Group has entered voluntary administration, prompting MinRes to prepare for a significant non-cash impairment in its FY25 results. The unfolding administration process raises questions about the future of RDG and its impact on MinRes shareholders.

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.

Grange Resources reported a robust quarter with increased iron ore production and pellet sales at Savage River, maintaining excellent safety standards and managing costs below budget despite accelerated waste stripping. Progress on financing the North Pit Underground project and strategic moves on the Southdown Magnetite Project highlight growth ambitions.

Iron Road Ltd has secured its key mining lease through 2026 and entered a strategic farm-in agreement targeting heavy mineral sands, navigating a tough iron ore investment climate and evolving green energy partnerships.

CZR Resources is set to commence an extensive drilling campaign at its Croydon Gold Project in Western Australia’s Pilbara, targeting promising shallow gold mineralisation and potential large-scale intrusive systems akin to the nearby Hemi deposit.

Volt Group Limited (ASX – VPR) has initiated an on-market share buy-back of up to 5% of its issued capital, aligning with its capital management strategy as it advances commercialisation of its innovative zero-emission technologies.

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.

Centaurus Metals has reported significant new high-grade copper-gold mineralisation at its Boi Novo Project in Brazil, including a newly discovered shallow zone at Nelore East with assays up to 11.5m at 2.84% copper and 0.90g/t gold. Drilling at Nelore West confirms continuity of mineralised breccia pipes, expanding the project's potential.

MLG Oz Limited has landed a significant 30-month crushing and screening contract with New Murchison Gold, boosting its foothold in Western Australia's gold mining sector.

Fenix Resources has marked a milestone quarter with the start of mining at Beebyn-W11, joining Iron Ridge and Shine mines to push production towards 4 million tonnes annually in 2025. The company also reported record shipments and improved cost efficiency, underpinning its growth strategy in Western Australia's Mid-West.

Fortescue Metals Group delivered record iron ore shipments in FY25 alongside a rare cost decline, while recalibrating its green energy ambitions and maintaining a strong financial position.

Calix Limited has secured a $44.9 million grant from ARENA to build a pioneering Green Iron Demonstration Plant using its ZESTY technology, aiming to produce 30,000 tonnes of low-emission iron annually and advance Australia’s green steel ambitions.