Magnetite Mines Ltd


Magnetite Mines Limited (ASX:MGT) Magnetite Mines Limited (ASX:MGT) is a mineral exploration company exploring for iron ore and copper in South Australia and for iron, gold and uranium in the Northern Territory.

Our main focus is the Mawson Iron Project (MIP), a very large magnetite province located 240km NNE of Adelaide, South Australia - 100% owned and operated by Magnetite Mines Limited. The project has a JORC 2004 compliant resource of over 2.7 Billion tonnes (Indicated and Inferred) at the Razorback Ridge Deposit (Razorback) with an additional 1.2 Billion tonnes (Inferred) in the nearby Ironback Hill deposit. There remains up to a conservative 16 - 35 Billion tonnes as an exploration target at grades of 18 to 45% Fe. Razorback occurs in an infrastructure rich area that has access to nearby existing open user rail, port, power, gas, heavy engineering and dormitory towns. Presently a MOU between Magnetite Mines and Braemar Infrastructure exists for the implementation of an innovative slurry pipeline - infrastructure corridor to deliver iron ore concentrate from mine to ship in the Spencer Gulf.


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🕔1/17/2017 10:39:38 AM 6933

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Royal Resources (ASX:ROY) MD Marcus Flis Presents to the Capital Markets in Sydney at regarding the Magnetite project at Razorback. The Razorback Iron Ore Project is potentially a very large magnetite deposit that can use existing open-access rail and port infrastructure.

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Company Data

  • 118B Glen Osmond Road
    Parkside SA 5063
  • Telephone
  • +61-8-8427-0516 
  • Principal Sector
  • Materials 
  • Principal Industry
  • Mining & Metals 
  • Homepage
  • E:

More News Results

  • 2024/03/26: Future Facing Commodities Conference Presentation*
  • 2024/03/25: Notification of cessation of securities - MGT*
  • 2024/03/08: Half Year Accounts*
  • 2024/02/29: MGT strategy aligned with SA Gov green iron vision*
  • 2024/02/21: South Australia Green Iron Opportunity Presentation*
*refer to company website

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