Latest Magnetite News

Athena Resources has kicked off a 2,900m drilling campaign at its 100% owned Narryer Project, backed by a $3.5 million placement and shareholder-approved share consolidation to streamline capital structure.

Lincoln Minerals has kicked off air core drilling at its Minbrie Copper Project in South Australia and secured a $3.1 million placement from a strategic investor to fund exploration and follow-up drilling.

Macro Metals has secured 100% of the Yandi South Iron Ore Project, adding a historical 4.28Mt resource and promising exploration upside near major Pilbara mines. The deal complements its existing Extension Iron Project stake and mining services contracts.

Killi Resources is launching a major exploration push at its Lodestone Iron Ore Project, targeting rapid growth of its 110Mt inferred resource through an extensive drilling and geophysical campaign.

Infini Resources has completed a high-resolution airborne radiometric survey at its Portland Creek Uranium Project in Newfoundland, enhancing geological targeting ahead of a planned Phase 3 diamond drilling campaign in Q3 2026.

An independent review spotlights high-priority basal contact copper-nickel-PGE targets at GreenTech Metals’ Munni Munni project, setting the stage for imminent geophysical surveys and drilling.

CZR Resources has reported promising assay results from its 2026 drilling and sampling campaigns across its Pilbara projects, highlighting significant copper-gold mineralisation at Croydon and strong iron ore potential at Yarraloola.

AusQuest’s maiden drilling at Playa Kali in Peru has delivered encouraging copper and molybdenum assays, validating the prospectivity of a large iron-oxide copper-gold system and setting the stage for targeted follow-up exploration.

Legend Mining advances gold exploration at its Pinnacle Well Project, confirming extensive hydrothermal alteration and coincident IP anomalies at Pyrophyllite Hill and Alpha North, with drilling set to follow heritage surveys.

Accent Resources NL has struck a deal to sell its Norseman Gold Project for up to A$4 million in cash, while keeping iron ore and platinum group element rights and securing a royalty stream on future mineral production.

Sunshine Metals has secured the Mt Moss Operation for $18 million, setting the stage for gold production by mid-2027 and progressing engineering, financing, and exploration activities.

Venus Metals Corporation has secured $47 million from selling its Youanmi Gold Project royalty, while exploration at Henderson and Youanmi Base Metals projects reveals promising targets. The company also initiates titanium extraction R&D and plans special dividends for shareholders.