Latest Magnetite News

Lincoln Minerals has successfully raised $2.25 million through a renounceable entitlement issue and follow-on placement, positioning the company to advance key exploration projects in South Australia’s critical minerals sector.

Vanadium Resources Limited has extended the deadline to finalise pricing terms with China Precious Asia Limited, while progressing mining contractor discussions and pit optimisation at its Steelpoortdrift vanadium project.

Fenix Resources has locked in exclusive 30-year mining rights over a 290 million tonne iron ore resource at the Weld Range Project, significantly extending its mine life and production capacity. This strategic partnership with Sinosteel Midwest and Baowu Steel Group positions Fenix for ambitious growth in Western Australia's Mid-West.

Cyclone Metals has launched a comprehensive Pre-Feasibility Study for its Iron Bear iron ore project in Canada, aiming to refine development plans and attract global steel market demand.

Macarthur Minerals Limited reported a successful capital raise and key strategic partnerships at its 2025 AGM, positioning itself for future growth in iron ore production.

Dome Gold Mines Ltd invites eligible shareholders to participate in a $5 million Share Purchase Plan at $0.15 per share, aiming to fund the transition to production at its Sigatoka Sands Project and exploration of other Fijian assets.

Dome Gold Mines has updated the schedule for its Share Purchase Plan, setting new dates for offer opening, closing, and share issuance through September 2025. This move aligns with ongoing development efforts at its Fiji-based mining projects.

Dome Gold Mines has announced a $5 million Share Purchase Plan at a 6.25% discount to fund critical milestones for its Sigatoka Sands Project in Fiji, aiming to secure a mining licence and commence operations.

Magnetite Mines Limited faces immediate suspension of its MGTOF securities from ASX quotation due to non-compliance with listing rules, raising questions about regulatory hurdles ahead.

Vanadium Resources Limited is progressing towards Direct Shipping Ore operations at Steelpoortdrift, advancing key conditions for a binding offtake agreement with China Precious Asia Limited while optimizing mining readiness and exploring growth opportunities.

Athena Resources has produced a 10kg sample of ultra-high-grade magnetite concentrate grading 70.55% iron from its Byro Magnetite Project, positioning the company at the forefront of green steel feedstock supply.

Magnetite Mines has launched a $2.65 million renounceable rights issue with increased underwriting support, following promising rare earth mineralisation findings at its Ironback Hill Project.