Latest Magnetite News

Champion Iron Limited has announced a conditional cash tender offer to acquire Norwegian iron ore producer Rana Gruber for approximately US$289 million, backed by key financial partners La Caisse and Scotiabank. The deal aims to expand Champion’s high-grade iron ore portfolio and strengthen its position in the green steel supply chain.

Accent Resources reports metallurgical testwork confirming high-grade magnetite concentrates at coarse grind sizes, advancing its Magnetite Range Project towards green steel markets.

American West Metals is set to launch a major drilling campaign at its West Desert Project in Utah, aiming to expand its world-class indium resource and explore high-grade gallium mineralisation. This initiative aligns closely with the US government's renewed focus on securing domestic critical metals supply chains.

Hawsons Iron Ltd has declared a JORC-compliant Probable Ore Reserve of 2.3 billion tonnes and completed a positive Pre-Feasibility Study supporting a 26-year, 12Mtpa magnetite concentrate project in New South Wales.

Lincoln Minerals has entered a collaboration with SCN Canada to explore the use of its high-purity graphite in small modular nuclear reactors, aiming to tap into emerging clean energy markets.

Metals Australia has successfully expanded its Manindi West Vanadium-Titanium-Magnetite (VTM) discovery, confirming mineralisation over a strike length exceeding 1,000 metres and intersecting significant mineralisation in 13 of 14 drill holes. Early metallurgical results show promise for commercially attractive concentrate products, with further assay results pending.

Dome Gold Mines Ltd is launching a $7 million convertible note offering aimed at funding key developments in its Fiji mining projects, including the Sigatoka feasibility study and exploration programs.

Tempest Minerals has signed a binding option agreement with Green Steel and Iron to develop a green steel facility in Western Australia, integrating its Remorse magnetite project into a low-emission steelmaking venture.

Lincoln Minerals has partnered with Revera Energy to explore a green hydrogen-fueled iron pellet plant at the Eyre Magnetite Project, aiming to advance sustainable steel production in South Australia.

OD6 Metals has initiated a Downhole Electromagnetic (DHEM) survey at its Gulf Creek Copper Project in NSW, aiming to identify extensions of high-grade copper mineralisation and guide efficient drilling in 2026.

Terra Metals’ latest drilling results at the Dante Project’s Reef 2 reveal thick, continuous high-grade mineralisation from surface, reinforcing the potential for significant resource growth beyond the current 148 million tonne estimate.

Pacific Lime and Cement Limited has secured a strategic partnership with global construction giant PowerChina to accelerate development of its Orokolo Bay Industrial Sands Project in Papua New Guinea, targeting production by 2026.