Latest Iron Ore Sector News

Mount Gibson Iron has extended its on-market share buy-back program for another year, allowing up to 10% of issued shares to be repurchased. Since inception, the company has bought back 3.2% of its shares, signaling ongoing capital management efforts.

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.

Volt Group Limited reported a 24% revenue decline and a net loss of $271,854 for the half year ended June 2025, primarily due to timing delays in Wescone orders and iron ore sector shutdowns. Despite this, the company advances its innovative ATEN waste heat to power technology and expands its EcoQuip solar light tower fleet, while initiating a 12-month on-market share buy-back.

Mineral Resources Limited has released its inaugural Mineral Resources and Ore Reserves statements for the Pilbara Hub, revealing a substantial 161 million tonnes resource and 50.7 million tonnes reserve at robust iron grades. The inclusion of the Lamb Creek deposit promises to extend the hub’s production profile by five years, pending approvals.

Cullen Resources has agreed to sell its Wyloo iron ore royalty to Vox Royalty for A$1.5 million cash, while retaining a significant payment right tied to mining commencement.

Vysarn Limited delivered a robust FY2025 performance, driven by significant acquisitions and expanding operations across Australia’s water infrastructure sector. The company’s strategic moves position it well for sustained growth amid evolving market demands.

MLG has delivered a robust FY2025 financial performance, marked by strong revenue growth, improved profitability, and a healthier balance sheet. The company’s strategic investments and contract wins underpin a confident outlook in the gold and iron ore sectors.

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.

Mindax Limited strengthens its position in Western Australia's Mid-West iron ore sector with a strategic investment in Cashmere Iron and an option to acquire full ownership of the Mt Forrest project.

Accent Resources has initiated a Pre-Feasibility Study for its Magnetite Range Iron Ore Project, while maintaining steady gold resources at Norseman and reporting a strong cash position of $13 million.

Volt Group Limited (ASX – VPR) has initiated an on-market share buy-back of up to 5% of its issued capital, aligning with its capital management strategy as it advances commercialisation of its innovative zero-emission technologies.

MLG Oz Limited has landed a significant 30-month crushing and screening contract with New Murchison Gold, boosting its foothold in Western Australia's gold mining sector.