Latest Iron Ore News

Magnetite Mines Limited has announced a renounceable rights issue to raise up to $2.65 million, aiming to fund critical development milestones for its Razorback Iron Ore Project and secure strategic partnerships for DFS funding.

Fortescue has secured a landmark RMB 14.2 billion syndicated term loan, marking the first such facility by an Australian corporate and underscoring its deepening ties with China to support its decarbonisation goals.

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.

Macro Metals Limited has successfully raised A$2 million through a share placement, positioning itself to accelerate exploration and expand its mining services operations.

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.

Tempest Minerals has identified a substantial new iron target, the Halo Prospect, near its Remorse magnetite deposit at Yalgoo. Historic samples show iron grades up to 62%, with promising magnetite and haematite mineralisation.

Strike Resources has made significant progress on its Apurimac Iron Ore Project in Peru, engaging with government agencies on critical railway infrastructure and initiating environmental studies, despite recent civil unrest impacting operations. Meanwhile, its stake in Lithium Energy Limited sees advancement in key lithium and gold-copper projects.

Riversgold Ltd advances its Kalgoorlie East gold project with new drilling approvals and strong metallurgical recoveries, while Canadian exploration yields impressive copper and antimony assays.

Pearl Gull Iron Limited reported limited exploration activity on Cockatoo Island during the June 2025 quarter, focusing on environmental compliance and native title negotiations, while securing a $500,000 unsecured loan facility to support ongoing operations.

Coppermoly Limited has reported significant exploration advances at its Mt Isa projects, highlighted by a major magnetic anomaly discovery and the appointment of seasoned geologist Dickson Leah as CEO.

Macro Metals Limited has progressed exploration at its Turner Iron Ore Project, secured a mining services contract in the East Pilbara, and completed key rehabilitation works, positioning itself for upcoming drilling and operational milestones.

Burley Minerals reports promising iron ore assay results from its Cane Bore project and secures $1 million to fast-track exploration, while lithium prices rebound from multi-year lows.