Magnetite Mines is an ASX-listed iron ore company focused on the development of magnetite iron ore resources in the highly-prospective Braemar iron region of South Australia.
The Company’s flagship 100% owned Razorback Iron Ore Project has a 4.2bn tonne mineral resource, with an additional 1.5bn tonne historic mineral resource (JORC 2004) from the nearby Muster Dam Project.
The Project is located 240km from Adelaide in undeveloped, low intensity pastoral country, with ready access to open-access rail, Whyalla Port and renewable energy from the South Australian Grid.
The Company is developing the Razorback Iron Ore Project to meet accelerating market demand for premium iron ore products, with the potential to produce high-value Direct Reduction (DR) grade concentrates.
* 06 June 2023 (AUD)
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