Latest Razorback News

Magnetite Mines has warned that its existing cash is insufficient to fund planned activities for the next 12 months, while auditors highlighted a material uncertainty over the company’s ability to continue as a going concern. The ASX-listed miner is cutting costs and reshaping Razorback around a lower-capital development pathway.

Sultan Resources has reported a $1.48 million FY2026 loss and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The explorer is seeking to fund early-stage Lachlan Fold Belt work while pursuing a new Namibia opportunity and a post-year-end $1.316 million placement.

Magnetite Mines is seeking up to A$1.5 million through a discounted share purchase plan and potential top-up placement to advance the Razorback green iron project. The raise offers free options, but also highlights the company’s continuing reliance on external funding and future strategic partners.

Meeka Metals has lifted its group Mineral Resource to approximately 1.5 million ounces after adding a maiden 270koz estimate for Mt Holland in Western Australia. The expansion comes with a sharper distinction between exploration potential and mine-ready inventory, as Ore Reserves fell to 355koz after depletion and portfolio changes.

Magnetite Mines has unveiled a revamped scoping study for its Razorback Iron Ore Project, introducing key design changes to reduce capital costs and boost project viability. The company is also actively pursuing funding options including royalty arrangements and strategic partnerships.

Meeka Metals has finalised its purchase of three gold deposits near Mt Holland, Western Australia, setting the stage for a resource update and extensive drilling to unlock further value.

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.

MB Gold has kicked off a 6,000-metre Phase 2 RC drilling campaign at its Marble Bar Gold Project, aiming to extend high-grade zones at Twin Veins and test the underexplored Razorback Prospect. Assay results will roll out over the next 6-7 weeks.

MB Gold’s recent Dipole Dipole Induced Polarisation survey at Marble Bar reveals several new chargeability anomalies, highlighting untested targets beneath existing prospects and setting the stage for deeper drilling.

MB Gold has identified a promising new high-grade gold zone at its Twin Veins East prospect, extending mineralisation 500 metres east and setting the stage for an expanded Phase 2 drilling campaign.

MB Gold has reported further encouraging gold assay results from its maiden drilling at the Twin Veins Prospect, confirming continuity of high-grade shoots and setting the stage for a 6,000m Phase 2 program.

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.