Latest Magnetite News

Magnetite Mines initiates a leadership overhaul and strategic reset to cut costs and pursue phased development of its Razorback Iron Ore Project amid challenging market conditions.

Hawsons Iron Ltd’s May 2026 Pre-Feasibility Study update reveals a 37% jump in project NPV to AU$1.87 billion, driven by a switch from truck haulage to a conveyor waste system that cuts costs and carbon emissions.

Mt Malcolm Mines (ASX:M2M) is gearing up for a major drilling campaign at its Calypso Gold Prospect, aiming to convert a substantial Exploration Target into a JORC-compliant Mineral Resource. The program follows high-grade discoveries at the newly identified T3 Constance Lode and historical multi-lode mineralisation.

Lincoln Minerals has raised A$3.1 million in a two-tranche placement to fund drilling at its Minbrie Copper Project, with a strategic investor gaining board representation rights.

Sunstone Metals continues to deliver promising gold-copper intersections at its Bramaderos project in Ecuador, with recent Porotillo drilling reinforcing potential to expand the current 3.6Moz resource ahead of a resource update later this year.

FIN Resources has bolstered confidence in its Cabin Lake gold system with new high-grade assay results from shallow drilling at the Arrow Prospect, underpinned by integrated geophysical data that sharpens exploration focus.

Austin Metals has mapped over 12 km of prospective BIF and identified five drill-ready gold targets at Brunswick Hill within its Austin Gold Project. A 4,000m RC drilling campaign is set to begin in June, initially focusing on Brunswick Hill and Mt Sandy.

S2 Resources has secured all exploration licences for the Loch Lilly project in New South Wales, unlocking a vast underexplored belt with multiple copper-gold porphyry targets poised for systematic exploration.

Legacy Iron Ore Limited has wrapped up Phase I mining at Mount Celia, pivoting to develop a heap leach processing facility while reporting a 77% surge in measured and indicated gold resources. The company also progresses its Mount Bevan iron ore joint venture amid ongoing exploration and feasibility studies.

Aldoro Resources has reported its longest continuous mineralised intercept at the Kameelburg project in Namibia, delivering 503.98 metres at 1.30% TREO and confirming robust multi-commodity mineralisation on the eastern flank of the carbonatite.

Grange Resources edges closer to a long-term mining lease extension for its Savage River North Pit Underground Project, but funding challenges emerge as a major shareholder pulls back support amid volatile markets.

Iron Bear Resources has boosted its Indicated Mineral Resource by 114% to 4.5 billion tonnes at 29.5% Fe, while total resources fell 18% due to updated geology and economics. The Labrador Trough project now rests on a stronger technical foundation with high-quality magnetite concentrates confirmed.