Latest Magnetite News

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.

Power Minerals Limited reports robust near-surface niobium and rare earth element assay results from its Santa Anna Project in Brazil, underpinning plans for a major 10,000m drilling campaign to define a Mineral Resource Estimate.

Litchfield Minerals has commenced its maiden diamond drilling campaign at the Oonagalabi Project, targeting two key intrusive-related zones that could unlock a major copper-zinc-gold mineral system.

Accent Resources NL has withdrawn a previously stated production target for its Magnetite Range Project, clarifying the figure was aspirational and non-compliant with ASX rules. The company continues to advance its flagship magnetite development in Western Australia, highlighting its alignment with green steel demand.

Strategic Energy Resources has reported promising copper and gold intersections from its latest diamond drilling at the Canobie Project in Queensland, reinforcing the potential for a major discovery under its joint venture with Fortescue.

Litchfield Minerals has revealed compelling ground electromagnetic survey results at its Oonagalabi Project, defining multiple high-conductance sulphide targets and a significant carbonate unit, setting the stage for an ambitious 2026 exploration campaign.

Magnetite Mines Limited has been granted a new exploration licence adjacent to its Ironback Hill rare earth element project, expanding its strategic footprint in South Australia’s Braemar Iron Region. The licence offers promising optionality for future rare earth exploration while the company maintains focus on its core iron ore development.

Manuka Resources is gearing up to recommence gold and silver production in the Cobar Basin by mid-2026 while awaiting a pivotal regulatory decision on its large-scale iron sands project in New Zealand.

Austin Metals is refining a promising Vadrians-style BIF-hosted gold model at its Brunswick Hill Prospect, supported by recent high-grade drilling and poised for expanded exploration in 2026.

Dome Gold Mines reports a substantial 19.9 million tonne construction sand resource at its Sigatoka project, alongside a key board appointment and licence renewal that advance its mining ambitions.

Tempest Minerals has agreed to sell its Yalgoo Project to Capricorn Metals for $4.5 million in cash and shares, with additional payments tied to future discoveries and production milestones. The deal, expected to complete in early 2026, leaves Tempest retaining iron rights on key tenements while refocusing on other Western Australian assets.

Champion Iron Limited has launched a $289 million all-cash tender offer to acquire Norway’s Rana Gruber ASA, aiming to strengthen its position in the high-grade iron ore market and advance decarbonization in steelmaking.