Latest Magnetite News

Aldoro Resources has reported its longest continuous mineralised intercept at the Kameelburg project in Namibia, delivering 503.98 metres at 1.30% TREO and confirming robust multi-commodity mineralisation on the eastern flank of the carbonatite.

Grange Resources edges closer to a long-term mining lease extension for its Savage River North Pit Underground Project, but funding challenges emerge as a major shareholder pulls back support amid volatile markets.

Iron Bear Resources has boosted its Indicated Mineral Resource by 114% to 4.5 billion tonnes at 29.5% Fe, while total resources fell 18% due to updated geology and economics. The Labrador Trough project now rests on a stronger technical foundation with high-quality magnetite concentrates confirmed.

American West Metals has published a detailed JORC 2012-compliant Mineral Resource Estimate for its West Desert Zinc-Copper-Indium-Magnetite Project in Utah, affirming solid resource continuity and robust sampling techniques.

Centaurus Metals has unveiled multiple large-scale copper-in-soil anomalies at its newly acquired Rio Novo tenements, expanding the Boi Novo Project footprint. Concurrent drilling continues to deliver promising copper-gold and iron ore intersections, while metallurgical tests indicate strong concentrate recoveries.

Golden Globe Resources (ASX:GGR) has reported promising copper and gold assay results from its Phase 1 diamond drilling at Queensland's Dooloo Creek, validating its geological model and setting the stage for a follow-up drill program in late Q3 2026.

TechGen Metals (ASX: TG1) has reported promising high-grade copper and gold results from multiple Western Australian projects, while gearing up for extensive drilling campaigns through 2026.

Ronin Resources reports elevated gold, silver, copper, and tungsten values from rock-chip sampling at its La Punilla Project in Argentina, supported by a drone aeromagnetic survey revealing a coincident magnetic source. Follow-up fieldwork is underway to expand and validate these early-stage porphyry copper-gold exploration targets.

Athena Resources is raising $3.5 million through a discounted share placement backed by major investors to fast-track drilling and feasibility at its Narryer magnetite project.

Magmatic Resources reports promising copper and gold intercepts from its FY2026 drilling at the Myall FJVA Copper-Gold Project, funded by Fortescue, while preparing to ramp up gold drilling at Weebo in Western Australia.

Waratah Minerals has delivered a second exceptional >200 gram-metre gold intercept at its Consols Zone, significantly expanding the Spur Project’s high-grade footprint in New South Wales. Concurrent drilling at the Spur Zone continues to confirm robust near-surface mineralisation, underpinning the company’s aggressive growth ambitions.

Sierra Nevada Gold (ASX: SNX) has received five exploration licences for its As Safra copper-gold project in Saudi Arabia, granted by Royal Decree, allowing immediate drilling with three rigs on site. The licences reflect top-level government support and align with Saudi Arabia’s Vision 2030 mining ambitions.