Magnetite Mines Limited is an iron ore focussed mineral exploration company exploring for magnetite iron ore in the Mawson Iron Province of South Australia.

 

With 3.9 billion tonnes of JORC compliant resources1, our flagship projects the Razorback Iron and Ironback Hill Projects lie within the iron rich Braemar Iron Formation of north east South Australia.

100% owned and managed and over 2600 km2 of tenure in the Mawson Iron Province makes Magnetite Mines the dominant explorer in a region known for its soft, easily mined and milled rock capable of producing a high grade, high quality product.

With the ability to produce up to 68% Fe iron ore concentrate2, Magnetite Mines believes it can produce High Fe, Low impurity magnetite at delivered costs competitive with Pilbara and Brazilian iron ore producers.

Note:

  1. See ASX Announcements on 12/11/18 & 20/11/18.
  2. ASX Announcement 27/11/13