Latest Iron Ore News

Red Hill Minerals has more than doubled FY2026 net profit to A$20.1 million as its Onslow Iron royalty delivered A$28.8 million in income. The ASX-listed miner declared a fully franked final dividend of 10.8 cents per share, taking FY2026 distributions to 22.4 cents per share.

Mindax Limited has locked in a total of A$3.9 million in convertible note funding from Singapore-based L&Y Investment Holdings, contingent on Foreign Investment Review Board approval. The unsecured notes carry 10% interest and could dilute existing shareholders by up to 4.63%.

Hawsons Iron has confirmed its ability to upgrade magnetite concentrate to a premium 69.3% iron grade through bulk-scale elutriation testwork, significantly reducing impurities and enhancing potential revenue streams.

Star Minerals has transitioned from explorer to producer with mining underway at its Tumblegum South Gold Project and anticipates first gold revenue in the December quarter of 2026.

Magnetite Mines has unveiled a revamped scoping study for its Razorback Iron Ore Project, introducing key design changes to reduce capital costs and boost project viability. The company is also actively pursuing funding options including royalty arrangements and strategic partnerships.

Macarthur Minerals has obtained additional regulatory approval for bulk sampling at its Lake Giles Hematite Project, reinforcing operational momentum alongside its joint venture partners Gold Valley and Destec.

Fenix Resources has announced a maiden Ore Reserve of 26.9 million tonnes at 60.0% iron for its Beebyn Hub, combining the updated Beebyn-W11 and new Beebyn-W10 Stage 1 mines. This reserve underpins the company’s plan to ramp production to 6 million tonnes per annum by FY28 and secures over five years of mine life at current rates.

Hawsons Iron Limited’s latest bulk elutriation testwork upgraded its magnetite concentrate from 67.8% to 69.3% iron, slashing impurities and reinforcing the project’s premium product potential.

CuFe Ltd posted a $5.14 million net loss for FY26, driven by exploration expenses and share-based payments, while making substantial progress on its Tennant Creek Copper Project, buoyed by a $15.4 million strategic investment from Pan African Resources and a $20.75 million capital raise.

Talisman Mining secures A$4 million through a strongly supported placement, including significant board participation, to fund exploration and new project opportunities in gold-rich NSW and Western Australia.

Leeuwin Metals has identified a substantial new Exploration Target at its Marda Gold Project in Western Australia, potentially adding up to 186,000 ounces of gold beyond the existing 378,600oz resource. The company plans a 10,000m drilling campaign to test this target and advance project development.

Volt Group’s HY26 results showcase a surge in revenue and cashflow, powered by the 4D Delta acquisition and strong performances across its subsidiaries.