Latest Magnetite News

Golden Globe Resources has highlighted significant copper-gold potential at its Burns Spur area within the Ridler Creek tenement, supported by recent high-grade rock chip assays and a re-evaluation of 1970s Noranda drilling that revealed extensive copper mineralisation.

Fortescue Ltd delivered a record 201.3 million tonnes of iron ore in FY26, alongside a 3% rise in underlying net profit after tax to US$3.47 billion, despite a significant $750 million impairment charge on its Iron Bridge asset. The miner declared a fully franked final dividend of A$0.46 per share and continues to advance its ambitious decarbonisation and growth agenda.

Accent Resources NL (ASX: ACS) has responded to ASX queries following dramatic share price surges, providing comprehensive shareholder data and reaffirming its focus on advancing the Magnetite Range Project while progressing the sale of the Norseman Gold Project.

Accent Resources NL confirms no undisclosed information behind recent share price spike, attributing trading activity to positive metallurgical results from its Magnetite Range Project.

Unity Metals has pinpointed a major magnetic intrusion beneath Rohav Mountain that may drive its gold system, with new geophysical targets set for drilling in late 2026.

AIC Mines has confirmed a high-grade copper-gold shoot at its Brumby prospect near the Cannington mine, with drilling intersecting up to 14.4% copper over 10.5 metres within a broader mineralised zone.

Magnetite Mines has secured a 12-month extension on $2.7 million of convertible notes, enhancing its financial runway for the Razorback Iron Ore Project amid ongoing strategic funding efforts.

New Age Exploration (ASX: NAE) has refined its drill targets at the Wallah Silver Project in NSW by reprocessing historic 2009 induced polarisation (IP) data with modern techniques, confirming untested high-grade mineralisation along strike and at depth. Drilling is scheduled for Q3 2026 to test these promising zones.

Accent Resources reports promising dry magnetic separation test results from its Magnetite Range Project, highlighting potential for water-efficient processing and high-grade iron concentrate production.

Hammer Metals has released final assay results from its Kalman drilling program, revealing thick, high-grade copper-gold-molybdenum-rhenium mineralisation and confirming Blackrock's copper-gold potential near the Barkly Highway.

Killi Resources has kicked off a major drilling campaign at its Lodestone Iron Ore Project, aiming to grow and upgrade its 110Mt resource of high-purity magnetite expected to command a price premium.

FMR Resources has boosted exploration confidence at its Los Warbos Project in Chile following a detailed helicopter magnetic and radiometric survey, alongside rock chip sampling that returned significant copper and silver grades.