Latest Magnetite News

Great Northern Minerals has identified at least three undrilled chargeability anomalies at its Douglas Creek project in North Queensland, supported by gold, copper, silver and bismuth surface results. The targets sit around a large reverse-polarised magnetic tonalite body that extends to an interpreted depth of about 1 kilometre, but drilling is not expected until mid-2027.

American West Metals has reported thick visual copper, zinc and molybdenum mineralisation in three new holes at its West Desert Project in Utah. The strongest result came from WD26-07, but laboratory assays are still needed to establish grades and economic significance.

Sarytogan Graphite has intersected 318 metres of copper mineralisation from surface at its Ilksan prospect in central Kazakhstan, including a higher-grade 15.2-metre zone grading 0.40% copper. The result extends the system identified in an earlier hole, with assays from a deeper 452-metre hole due in the coming weeks.

Critica has restated its 100%-owned Mt Lindsay project under JORC 2012, defining 19 million tonnes at 1.09% SnEQ and containing about 49,000 tonnes of tin and 28,000 tonnes of tungsten. The estimate gives the Tasmanian project a current resource base, but it remains a mix of Indicated and Inferred material rather than an Ore Reserve.

Javelin Minerals is 150 metres into a deep diamond hole aimed at testing an untested magnetic anomaly beneath its Coogee gold-copper resource in Western Australia. No assay results have been reported, but the drilling could clarify whether shallow mineralisation is linked to a larger intrusive system at depth.

Unity Metals has identified a series of demagnetised zones across more than 6km at its O’Phlay project in Cambodia, using drill-core data to refine targets for additional gold mineralisation. The company plans at least 22 holes across several prospects from early October.

Recharge Metals has identified materially higher tungsten grades in selected re-assayed pulps from its Brandy Hill South copper project in Western Australia. The results strengthen the case for a broad Cu-W-Mo system, but the most important evidence still sits in more than 1,000 samples awaiting testing.

Sunshine Metals says refurbishment of its Mt Moss processing facility in north Queensland remains on schedule for commissioning and first gold in mid-2027. Construction is expected to begin in October or November, subject to final design work, tenders and contracts.

Power Minerals has pushed the boundaries of high-grade rare earth mineralisation at its Morro do Ferro project in Brazil, with drillhole MFSR-054 revealing continuous mineralisation to 186 metres and a new high-grade zone near the bottom of the sampled interval.

Hawsons Iron has confirmed its ability to upgrade magnetite concentrate to a premium 69.3% iron grade through bulk-scale elutriation testwork, significantly reducing impurities and enhancing potential revenue streams.

Magnetite Mines has unveiled a revamped scoping study for its Razorback Iron Ore Project, introducing key design changes to reduce capital costs and boost project viability. The company is also actively pursuing funding options including royalty arrangements and strategic partnerships.

Koonenberry Gold has identified compelling drill-ready copper and gold targets at its Wilga Flats Project near Evolution Mining’s Cowal Gold Mine, with drilling set to begin after Dunedoo operations conclude.