Latest Iron Ore Development News

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.

Cyclone Metals advances its flagship Iron Bear Project despite a minor delay in drilling caused by First Nations election disputes, while strengthening its cash position through significant share sales.

Iron Road Ltd progresses its Central Eyre Iron Project and Mulgathing heavy mineral sands exploration despite subdued iron ore investment and volatile energy costs. Strategic land options secured at Cape Hardy signal potential green hydrogen collaboration.

BlueScope Steel reported a resilient FY2025 with $738 million underlying EBIT despite soft market conditions, advancing key growth and decarbonisation initiatives. The company extends its buy-back program and maintains a strong balance sheet as it targets significant earnings uplift by 2030.

AKORA Resources has launched a $2.91 million capital raising through a placement and entitlement offer to fund critical development milestones at its Bekisopa Iron Ore Project in Madagascar.

Macarthur Minerals has successfully raised nearly $2 million through a rights issue, with Gold Valley Yilgarn Pty Ltd underwriting the shortfall and set to become a substantial shareholder pending approval.

CZR Resources has secured shareholder and regulatory approval to sell its Robe Mesa iron ore project for A$75 million, positioning the company to focus on promising gold and base metal exploration in Western Australia.

Iron Road Ltd has secured its key mining lease through 2026 and entered a strategic farm-in agreement targeting heavy mineral sands, navigating a tough iron ore investment climate and evolving green energy partnerships.

Macarthur Minerals has clarified the timing of its entitlement offer, confirming the securities issue date as 7 August 2025 with ASX quotation expected the following day. The company also reaffirmed its substantial iron ore resources at Lake Giles, maintaining investor confidence ahead of the capital raise.

Macarthur Minerals has extended the timetable for its A$2 million renounceable rights issue, providing shareholders additional time to participate amid ongoing regulatory scrutiny by ASIC. The company confirms no changes to the offer terms and expects to lodge an updated Supplementary Prospectus shortly.

Macarthur Minerals Limited has updated the timetable for its A$2 million renounceable rights issue, allowing shareholders more time to participate. The company also clarified an earlier announcement, confirming its agreement with Gold Valley Yilgarn Pty Ltd pertains only to the Lake Giles Hematite Project, not the Moonshine Magnetite Project.

Arrow Minerals has completed key scoping studies for its Niagara Bauxite and Simandou North Iron projects but has halted operations in Guinea due to unclear exploration permit status.