Latest Magnetite News

Tivan Limited has landed a $141,237 exploration grant from the Northern Territory Government to fund diamond drilling at its Molyhil Tungsten Project, pushing forward its Pre-Feasibility Study and joint venture talks with Sumitomo Corporation.

American West Metals has struck a significant continuous 108.4m interval of high-grade indium mineralisation at its West Desert Project, expanding the known resource and confirming a large-scale skarn system with zinc, gold, silver, and copper by-products.

PolarX Limited confirms multiple exceptional copper assays at its Alaska Range JV, extending mineralisation and kicking off a major 10,000m drilling campaign funded by Northern Star Resources.

Lodestar Minerals (ASX:LSR) confirms large-scale IOCG mineralisation in Chile and high-grade heavy rare earths in the USA, while progressing a 10,000m gold drilling program in Western Australia targeting a maiden resource.

Austral Resources is advancing its Rocklands Copper Project refurbishment with major milestones met, including securing a new SAG mill and confirming infrastructure readiness for 3Mtpa processing, keeping the project on track and budget.

Chalice Mining has outlined a compelling 2.5km copper-molybdenum-silver soil anomaly near Goomalling, WA, featuring rock chips with over 15% total rare earth oxides and strategic magnet rare earths. An initial drilling program is imminent.

Litchfield Minerals' latest drilling at Oonagalabi reveals broad copper-zinc mineralisation and an unusual nickel-molybdenum-bearing quartz vein, prompting refined geological models and planned advanced geophysical surveys.

Dome Gold Mines (ASX:DME) is raising up to AUD 2 million through unsecured convertible notes to fast-track its Sigatoka feasibility study, mining lease application, and copper-gold exploration amid rising metal prices.

FMR Resources has identified several large-scale magnetic intrusive centres beneath known copper-gold mineralisation at its La Lorena Project in Chile, setting the stage for drill testing in late 2026.

Sunstone Metals continues to expand its Bramaderos gold-copper resource in Ecuador, with recent drilling at Porotillo delivering long, consistent mineralised intersections outside the existing 3.6Moz resource. The company aims to upgrade a significant exploration target to a JORC resource later this year.

Champion Iron Limited reported a 19% increase in net profit to C$168.7 million for FY2026, driven by record production and sales, progress on its DRPF project, and the strategic acquisition of Rana Gruber.

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.