Magnetite has announced the engagement of key partners as it accelerates a pre-feasibility study (PFS) on its 100%-owned Razorback iron High Grade ore project.

Magnetite Mines (ASX:MGT) has put together an outstanding team of employees, specialists and experts and consultants to deliver a low capital, staged and efficient development pathway for its globally significant Razorback iron ore resource in South Australia.

The PFS is reviewing a wide range of options for mine development in order to select a single, optimised go-forward case that could lead to shipping the first ore as early as 2024. The company has previously put a July 2021 timeline for the completion of the study.

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