About Us

Magnetite Mines

Magnetite Mines is an ASX-listed iron ore company (ASX:MGT) focused on the development of magnetite iron ore resources in the highly-prospective Braemar iron region of South Australia.

The Company has a total mineral resource of 5.7 billion tonnes of iron ore123 including 473 million tonnes of Probable Ore Reserves located 240km from Adelaide – 100% owned by Magnetite Mines.

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Our Strategy

Delivering Premium Iron Ore to high demand markets

Long Life with Optionality

 Large resource with expansion potential

Low Initial Project Capital

Staged development with ESG advantages

High Grade Product

68% Fe product


First ore on ship planned for late 2024

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Investing in Us

Why invest in Magnetite Mines

Magnetite Mines Limited (ASX:MGT) Executive Chairman and CEO Peter Schubert and Technical Director Mark Eames introduce the company’s flagship Razorback Iron Ore Project in the Braemar formation 240km north-east of Adelaide.

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