Latest Magnetite News

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.

Hawsons Iron Ltd confirms the technical viability of a fully dry processing circuit for its Hawsons Iron Project, promising cost and environmental benefits. An updated prefeasibility study and maiden ore reserves are expected soon.

Accent Resources has launched a Pre-Feasibility Study for its MagneƟte Range Project, aiming to produce premium magnetite concentrate tailored for modern steelmaking. This move positions the company to tap into growing demand for low-carbon steel inputs.

Adavale Resources has reported a standout 22.2g/t gold assay from rock chip sampling at its newly defined Parkvale South prospect within the Parkes Project in NSW, highlighting a promising exploration advance ahead of planned drilling.

Tempest Minerals has enhanced geochemical sampling at its Sanity Prospect within the Yalgoo Project, confirming a robust gold anomaly and setting the stage for targeted drilling.

Waratah Minerals has mobilised a third drill rig to its Spur Gold-Copper Project in New South Wales, targeting high-priority porphyry copper-gold zones and expanding exploration along the Spur Gold Corridor.

Red Mountain Mining has initiated a 1000m reverse circulation drilling program at its Kiabye Gold Project in Western Australia, aiming to test newly identified magnetic anomalies and historic gold zones. The program is backed by recent capital raising and coincides with ongoing sampling at its Armidale Antimony-Gold Project.

Lincoln Minerals has confirmed multiple uranium anomalies at its Yallunda Project in South Australia, reinforcing the site's exploration potential. The company plans an expanded exploration program in the second half of 2025 to further define mineralised zones.

Tempest Minerals reports promising initial metallurgical results from its Remorse Iron discovery in Western Australia, highlighting high-grade iron concentrate with low impurities. Further test results are anticipated, underpinning ongoing project development.

Freehill Mining is set to boost its Chilean operations with a second processing site launching in June, alongside advancing magnetite sampling and copper-gold exploration projects.

Tempest Minerals reports promising initial metallurgical test results from its Remorse Iron discovery in Western Australia, highlighting high-grade iron concentrate with low impurities. Further results are anticipated to refine the project’s development potential.