Latest Iron News

Trek Metals has reported a second batch of shallow, high-grade manganese assays from Kuro, including 7 metres at 40.2% Mn from just 7 metres. The results bring the discovery into a larger 2,500-metre Phase 2 drilling campaign targeting geophysical anomalies across the Christmas Creek project.

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.

Axel REE has reported a major leap in metallurgical testwork at its Caladão Project in Brazil, achieving up to 95% gallium and 74% scandium extraction from a Tiger Creek composite sample. The results mark a significant step in developing alternative gallium recovery methods beyond traditional by-product sources.

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%.

Brightstar Resources has unveiled spectacular high-grade gold intercepts at its Bull Oak deposit, including a standout 7 metres at 119g/t Au, as it ramps up efforts for a Pre-Feasibility Study on its Sandstone Gold Project.

Manhattan Gold Corporation has delivered robust drilling results at its Jaws target in Nunavut, expanding the known gold mineralised system by over 290 metres along strike and confirming high-grade zones to a vertical depth of 223 metres. The ongoing exploration campaign bolsters the project's scale and economic potential.

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.

Great Northern Minerals (ASX: GNM) reported a $3.8 million loss for FY26 amid major US acquisitions, including the Iron Butte gold-silver project with a maiden resource of 480,000 oz gold and 11.5 million oz silver, and the Catalyst Ridge rare earths project. The company also completed a $2 million divestment of its remaining Golden Ant interest.

Eclipse Metals' latest testwork confirms that up to 94% of neodymium and praseodymium are locked in identifiable REE minerals at Grønnedal, underpinning a promising beneficiation strategy ahead of flotation trials.

Vanadium Resources (ASX: VR8) has locked in a right of first refusal and exclusivity option over a prime brownfield site in South Africa’s Highveld Industrial Park for its planned V-Iron Plant, reinforcing its path towards feasibility and financing.