Latest Iron News

Vanadium Resources Limited is progressing towards Direct Shipping Ore operations at Steelpoortdrift, advancing key conditions for a binding offtake agreement with China Precious Asia Limited while optimizing mining readiness and exploring growth opportunities.

Manuka Resources’ subsidiary Trans-Tasman Resources has entered a pivotal phase as an expert panel starts assessing its Fast Track application for seabed mining off New Zealand’s coast, aiming to unlock significant economic and mineral export potential.

Athena Resources has produced a 10kg sample of ultra-high-grade magnetite concentrate grading 70.55% iron from its Byro Magnetite Project, positioning the company at the forefront of green steel feedstock supply.

Magnetite Mines has launched a $2.65 million renounceable rights issue with increased underwriting support, following promising rare earth mineralisation findings at its Ironback Hill Project.

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.

MLG Oz Limited reported a robust FY2025 with significant revenue and profit growth, driven by new contracts and operational improvements. Despite strong results, the company opts to retain capital, foregoing dividends to fuel future expansion.

Equinox Resources has engaged an independent heritage advisory to assess contested Aboriginal sites at its Hamersley Iron Ore Project, following a government refusal of exploration consent. The company is pursuing judicial review while reaffirming its commitment to heritage compliance and stakeholder dialogue.

Mount Gibson Iron reported a significant net loss for FY25 amid weaker iron ore prices but is pivoting towards gold with a major acquisition in the Northern Territory.

Mount Gibson Iron Limited reported a substantial net loss for FY2025 amid iron ore price drops and operational challenges, while announcing a strategic acquisition in the gold sector.

Carnaby Resources has completed its acquisition of the Trekelano mining leases, advancing exploration and integration efforts within its Greater Duchess Copper Gold Project.

Tombador Iron Limited is set to transform itself by acquiring GoviEx Uranium, creating a new ASX-listed uranium company focused on Zambia’s Muntanga Project. This deal includes a significant capital raise and board overhaul, aiming for a November 2025 completion.

BHP Group Limited reported record iron ore and copper production for FY2025, underpinned by operational excellence and disciplined capital allocation. The company outlined growth project updates, maintained strong margins, and reaffirmed its decarbonisation and social value commitments.