Projects

The Razorback Iron Ore Project

The Razorback Iron Ore Project is a magnetite iron ore deposit capable of producing a high grade iron ore concentrate product for use in steel production. The Project is 100% owned and operated by the ASX listed Magnetite Mines Limited (ASX: MGT).

With a defined 2012 JORC resource of 4.2 Billion tonnes of iron ore, the Razorback Iron Ore Project consists of two very large magnetite iron ore deposits, the Razorbackand the Ironback Hill deposits hosted in the Braemar Iron Formation. It is located 240 NE of Adelaide, South Australia, near the regional town of Yunta in arid, low intensity pastoral country.

Muster Dam Iron Ore Project

The Muster Dam Iron Ore Project was awarded to Magnetite Mines following a competitive bid by the South Australian Department of Energy and Mines (DEM). The Muster Dam Tenement contains the large Muster Dam Inferred Resource which will substantially increase the Company’s global iron ore resources.

Muster Dam is hosted by the same Braemar Iron Formation as the Razorback Iron Ore Project and is located 110km to the north east of Razorback. The tenements are highly prospective for additional Braemar Iron Formation as demonstrated by aeromagnetics and extensive past exploration work.