Latest Magnetite News

Athena Resources has reported a maiden inferred resource estimate for its Byro South Magnetite Project, boosting the global Byro resource by 160%. The company also strengthened its leadership with the appointment of former WA Minister Alannah MacTiernan.

Strike Resources has signed a non-binding Memorandum of Understanding with Naviera Petral to develop port infrastructure in Peru, supporting the export of its high-grade Apurimac iron ore. This strategic move aims to reduce logistics costs and pave the way for a return to production.

Mindax Limited advances its vision for Western Australia's Mid-West iron ore hub, issuing 58 million options to directors and raising fresh capital to fuel exploration and development.

Maronan Metals has reported significantly improved metallurgical testwork results for its Maronan copper-gold deposit, with gold recoveries reaching up to 88% and copper recoveries exceeding 96% in primary ore types. These findings enhance confidence in the project’s processing potential and underpin ongoing feasibility studies.

Strategic Energy Resources has completed key diamond drilling programs at Isa North and Canobie projects, revealing potential IOCG mineralisation and advancing its copper-gold portfolio with the acquisition of the Diamantina Project from Anglo American.

AusQuest Limited has reported significant progress at its Cangallo copper-gold project in Peru, extending mineralisation and advancing drilling programs, supported by a $10 million capital raise and an extended partnership with South32.

Cosmo Metals has identified two promising volcanic massive sulphide targets within the Mt Everest – Mona corridor at its Bingara Project, setting the stage for the first drilling campaign in this historically underexplored VMS belt.

Grange Resources delivered a robust quarter with increased concentrate output and reduced unit costs at Savage River, while advancing financing for its North Pit Underground project.

Juno Minerals has finalised the sale of its Mount Mason DSO Hematite Project for A$6 million plus royalties, while advancing exploration at its flagship Mount Ida Magnetite Project with promising gold assay results and planned drilling.

Red Hill Minerals has completed its inaugural diamond drilling campaign at the Broken Hill Project, revealing extensive lead-zinc-silver mineralisation, particularly at the Dementus Target, underscoring the project's Tier 1 potential.

Fenix Resources has reported record iron ore shipments and updated its FY26 guidance, unveiling ambitious plans to expand production to 10 million tonnes per annum by 2031 while extending mine life to 2042.

Verity Resources reports strong and consistent gold assay results from its Phase 2 drilling at the Monument Gold Project, bolstering confidence in the Korong deposit and underpinning plans to upgrade the resource.