Latest Magnetite News

Magmatic Resources reports promising drilling results at the Calais prospect within its Myall Project JV with Fortescue, hinting at a significant new copper-gold porphyry discovery. Further drilling is planned to refine the geological model and explore the system’s potential.

American West Metals is ramping up exploration and development at its West Desert Project in Utah, targeting critical metals like indium, molybdenum, and gallium amid supportive US government policies and tightening Chinese export controls.

Lincoln Minerals has secured a Native Title Mining Agreement with the Gawler Ranges Aboriginal Corporation, unlocking exploration at its promising Jungle Dam uranium prospect in South Australia.

Terra Metals has secured key heritage and drilling approvals to launch Phase 3 exploration at its Dante Project, unlocking new high-priority copper-critical metal targets and expanding its resource potential.

Miramar Resources has identified several new Iron Oxide Copper-Gold targets at its Whaleshark Project in Western Australia, supported by advanced geophysical modelling and encouraging drilling results.

Manuka Resources is poised to restart silver production at its Wonawinta Mine targeting 13.2 million ounces, while progressing its large-scale vanadium-titanium-magnetite project in New Zealand with a robust $1.26 billion valuation.

Freehill Mining has produced a high-grade magnetite concentrate of approximately 66% iron from its Yerbas Buenas mine bulk sample, setting the stage for renewed mining operations in Chile.

Litchfield Minerals has revealed compelling assay results from its Phase 1 drilling at the Oonagalabi Project, confirming a large polymetallic copper-zinc system alongside a newly identified gold-silver-bismuth mineralisation linked to the Bomb Diggity magnetic intrusion.

Castile Resources has successfully detected Iron Ore, Copper, and Gold mineralisation at Pathfinder 38 using innovative Ambient Noise Tomography Survey technology, marking a first in exploration targeting. This breakthrough could redefine the company’s strategy to expand its Rover 1 style deposits.

Tempest Minerals has refined and extended the gold anomaly at its Sanity Prospect within the Yalgoo Project through denser geochemical sampling, boosting confidence in a potentially large mineralised system.

Macarthur Minerals has announced a fully underwritten pro-rata rights issue to raise nearly A$2 million, aiming to fund corporate operations and advance strategic options for its Lake Giles Iron Project.

Fortescue Metals Group updates on the Iron Bridge magnetite project, projecting a steady ramp-up to full capacity by FY28 with operational improvements driving production and cost efficiencies.