Latest Magnetite News

Aldoro Resources has announced a significant 85% increase in the inferred mineral resource at its Kameelburg Rare Earth Element-Niobium project in Namibia, now totalling 520.61 million tonnes at 2.49% TREO equivalent. This positions Kameelburg as a globally strategic deposit with substantial high-grade zones and excellent infrastructure access.

Native Mineral Resources has identified 15 promising new gold exploration targets at its Blackjack Gold Mine in Queensland following a detailed drone magnetic survey, setting the stage for drilling in November 2025.

Terra Metals has intersected a 58-metre thick titano-magnetite reef at its Southwest Prospect, marking the thickest reef found to date within the Dante Project and significantly expanding its resource potential.

Everlast Minerals Ltd has issued a Replacement Prospectus for a $4-6 million ASX IPO to fund its mineral sands projects in Bangladesh, focusing on advancing the Gaibandha project towards commercial production.

Aldoro Resources has agreed to sell its non-core projects for approximately $3.3 million, enabling a sharpened focus on its flagship Kameelburg Niobium-REE Carbonatite Project in Namibia. The deal includes a significant share distribution in Sultan Resources to Aldoro shareholders.

Dome Gold Mines has successfully closed its Share Purchase Plan, raising $366,000 to support ongoing exploration and development in Fiji. The company is advancing key projects including the Sigatoka mineral sands and Ono Island gold ventures.

Lincoln Minerals has expanded its exploration footprint at the Minbrie Copper-Base Metals Project, identifying two new drill-ready targets and confirming a large-scale multi-metal sulphide system stretching over 7km. Fully funded for drilling, the company aims to unlock significant growth potential in South Australia’s Eyre Peninsula.

Freehill Mining has overcome delays to commission a second processing site in Chile, initiating customer deliveries and signaling a turnaround in its aggregates business.

Strategic Energy Resources has identified multiple priority drill targets at its Canobie Project following detailed gravity modelling and has commenced a magnetotelluric survey ahead of a diamond drilling program set for this quarter.

Great Northern Minerals has significantly expanded its Catalyst Ridge rare earth and antimony project in California’s Mountain Pass District by applying for 96 additional lode claims, positioning itself strongly within a critical US minerals hub.

Adavale Resources has reported promising shallow, high-grade gold intercepts from its maiden drilling program at the London Victoria Gold Mine, reinforcing the potential to expand its current resource base. The company is advancing with a magnetic survey and planning a second drilling phase to further delineate the deposit.

Magnetite Mines Limited’s MGTOF securities have been reinstated to ASX quotation following compliance with key listing rules, marking a significant regulatory milestone for the iron ore miner.