The Razorback Iron Ore Project
Magnetite Mines’ flagship Razorback Iron Ore Project is a pre-development magnetite iron ore project capable of producing high-grade and Direct-Reduction grade (“DR-grade”) iron ore products required in low-carbon and zero-carbon steel production. The Project is 100% owned and operated by ASX-listed Magnetite Mines Limited (ASX: MGT). It has Probable Ore Reserves of 2 billion tonnes and a Mineral Resource Estimate of 3.2 billion tonnes (JORC 2012).
Comprised of the Razorback and Iron Peak deposits, the Project is located just 240 kilometres from Adelaide in close proximity to existing road, rail and port infrastructure. In light of the steel industry’s decarbonisation commitments, the Project holds significant strategic value as a potential upstream link in a globally competitive green steelmaking value chain originating in South Australia.