Latest Magnetite News

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.

AusQuest has kicked off an extensive Stage 3 drilling campaign at its Cangallo copper-gold project in Peru, aiming to expand mineralisation and pinpoint higher-grade zones. The results could reshape the project’s potential and set the stage for deeper exploration.

Athena Resources has announced a maiden Mineral Resource Estimate for its Byro South Prospect, significantly expanding its Byro Magnetite Project resources by 160% to 76 million tonnes at 26% iron content.

FMR Resources has completed its first deep drillhole at the Southern Porphyry target within the Llahuin Project JV, revealing geological features indicative of a large porphyry copper system. Ongoing analyses and geophysical surveys aim to refine the understanding of this promising discovery.

FMR Resources has completed its first deep drillhole at the Southern Porphyry target in Chile, revealing geological evidence of a large, vertically extensive porphyry copper system beneath epithermal mineralisation. Further geophysical and geochemical work is underway to refine the system's potential.

Magnetite Mines has cleared a crucial regulatory hurdle as its Razorback Iron Ore Project’s Mining Lease Proposal passes the South Australian Government’s validity assessment, paving the way for detailed technical review and public consultation.

Strickland Metals reports strong diamond drilling results at its Shanac Deposit in Serbia, revealing extensive gold and base metals mineralisation and confirming potential for resource growth beyond 5.3Moz AuEq.