Latest Magnetite News

Macarthur Minerals Limited has updated the timetable for its A$2 million renounceable rights issue, allowing shareholders more time to participate. The company also clarified an earlier announcement, confirming its agreement with Gold Valley Yilgarn Pty Ltd pertains only to the Lake Giles Hematite Project, not the Moonshine Magnetite Project.

Athena Resources has partnered with Warradarge Energy and Fenix Resources to launch the Mid West Green Iron Project, aiming to produce sustainable green iron using ultra-high-grade magnetite and renewable hydrogen in Western Australia.

Mindax Limited has raised $1.6 million through a discounted share placement to fund development and exploration activities at its Mt Forrest Iron Project and gold assets.

Ragnar Metals has significantly expanded its exploration footprint in Southern Sweden, revealing promising Iron Oxide Copper Gold (IOCG)-style mineralisation through initial sampling at multiple prospects.

Litchfield Minerals reports promising early exploration results at its Lucy Creek 2 manganese prospect, revealing high-grade manganese and elevated base metals indicative of a hydrothermal system. Concurrently, refined exploration at Oonagalabi targets gold-bismuth mineralisation with government-backed drilling planned.

Freehill Mining is progressing plans to restart mining at its Yerbas Buenas magnetite project in Chile, backed by promising bulk sampling results and a staged permit extension strategy.

Sultan Resources has identified promising new gold and copper targets within its Lachlan Fold Belt tenements, setting the stage for an aggressive exploration campaign backed by recent capital raising.

Lincoln Minerals has identified multiple high-priority drill targets at its Minbrie Copper-Base Metals Project in South Australia, with drilling approvals advancing for a campaign planned in the second half of 2025.

Macarthur Minerals has updated the timetable for its pro-rata renounceable rights issue, providing shareholders with more time to participate in the A$2 million capital raise. The offer terms remain unchanged as the company awaits regulatory approval for a supplementary prospectus.

Magnetite Mines has increased its Razorback Iron Ore Project resource estimate and is advancing strategic partnerships, while early saline water testwork shows promise for green iron production.

Magnetite Mines Limited has updated its Razorback Iron Ore Project Mineral Resource Estimate, increasing tonnage by 600 million tonnes through a revised cut-off grade that aligns with Ore Reserves. This reinforces the project's strategic position in South Australia's Braemar iron province.

Lithium Energy Limited has won $189,200 in Queensland Government funding to advance exploration at its Bajool Prospect, targeting a significant porphyry copper-molybdenum system within the Capricorn Gold-Copper Belt Project.