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Learn moreProactive Investors: Magnetite Mines inks MoU for Razorback Iron Ore Project development and financing partnership
Press |
15 Nov 2023
Magnetite Mines Ltd (ASX:MGT) has signed a non-binding memorandum of understanding (MoU) with Pacific Partnerships, a subsidiary of CIMIC Group, to support the development, and potentially the financing of the Razorback Iron Ore Project, and to establish a foundation for early contractor involvement.
The MoU provides a framework for Magnetite and Pacific Partnerships to explore opportunities to develop Magnetite’s large-scale, long-life Razorback Iron Ore Project in South Australia’s Braemar Iron Ore Province.