Latest Magnetite News

Genmin Limited has made significant progress on its Baniaka iron ore project in Gabon, with PowerChina submitting competitive engineering and construction proposals and the company securing A$15 million in director-related loans during the quarter.

Strike Resources advances its high-grade Apurímac Iron Ore Project amid political upheaval in Peru, while its Lithium Energy stake pushes forward with key acquisitions and exploration despite ASX suspension.

Macarthur Minerals bolstered its financial position through a nearly A$2 million entitlement offer and strengthened governance with a key board appointment, setting the stage for advancing its Lake Giles Iron Ore Project.

Coppermoly Limited reported ongoing exploration activities in Queensland's Mt Isa region with mixed drilling results, while securing a strategic acquisition in Western Australia targeting critical minerals. The company faces a cash outflow of $701,000 but plans further geophysical surveys to refine drilling targets.

Accent Resources NL continues its methodical progress on the Magnetite Range Project with ongoing pre-feasibility studies and regulatory groundwork, while awaiting key mining lease approvals for its Norseman Gold Project.

Hawthorn Resources has completed an 8000m drilling program at its Anglo Saxon gold project, with assay results due soon to inform a new pit optimisation study. Meanwhile, the company benefits from a 1% royalty on the Mt Bevan magnetite project as JV partners progress development plans.

Freehill Mining shifts focus to cement industry feedstocks, stabilizes operations after plant challenges, and secures fresh capital while reporting promising magnetite test results.

Vanadium Resources Limited is advancing its Steelpoortdrift project with fresh leadership, a successful equity raise, and a strategic pivot towards higher-margin concentrate production alongside direct shipping ore.

Reedy Lagoon Corporation is gearing up for initial drilling at its Burracoppin Gold Project while actively seeking a joint venture partner for its Burracoppin Iron Project, maintaining a cautious cash position of just under $80,000.

Hawsons Iron Limited reports solid progress on its Preliminary Feasibility Study for the Hawsons Iron Project, alongside promising metallurgical research with CSIRO and a successful $1.9 million capital raise.

Surefire Resources reports robust drilling results at its Yidby Gold Project alongside promising assays from its Victory Bore critical minerals deposit, supported by a $1.54 million capital raise.

Castile Resources has reported substantial increases in gold, copper, and bismuth resources at its Rover 1 Project, while advancing plans for refined bismuth production amid tightening global supply due to Chinese export controls.