Magnetite Mines Limited

MGT

AU000000MGT5

Diversified Mining

Market Closed - Australian S.E. Other stock markets 02:10:35 2024-05-15 am EDT			5-day change	1st Jan Change
0.395 ^AUD	+6.76%		+36.21%	+27.42%

May. 09	Magnetite Mines Appoints Azure Capital as Adviser for Razorback Funding, Partnering Options	MT
Mar. 08	Magnetite Mines Limited Reports Earnings Results for the Half Year Ended December 31, 2023	CI

Magnetite Mines' Razorback project to contribute $31 billion to South Australian economy

March 29, 2023 at 10:21 am EDT

(via NewsDirect)

Magnetite Mines Ltd (ASX:MGT) CEO Tim Dobson discusses with Proactive the findings of a report by BDO EconSearch into the economic impacts for South Australia from the company’s Razorback Iron Ore Project. It confirms a $31 billion contribution to the state economy over 30 years as well as extensive employment opportunities.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Magnetite Mines Limited

Magnetite Mines Appoints Azure Capital as Adviser for Razorback Funding, Partnering Options	May. 08	MT
Magnetite Mines Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 07	CI
Magnetite Mines Signs MoU to Position Port Pirie as Green Iron Production Hub	Feb. 13	MT
Magnetite Mines Enters Partnership with Ngadjuri Nation for Razorback Project	Dec. 20	MT
Magnetite Mines' Rights Issue Raises AU$6.5 Million	Nov. 22	MT
Magnetite Mines Signs MoU With CIMIC Group	Nov. 14	MT
Magnetite Mines Kicks Off Rights Offering	Nov. 02	MT
Magnetite Mines Limited Appoints of Simon Smith as Joint Company Secretary	23-10-30	CI
Australian Shares Retreat as Monthly CPI Indicator Rises	23-09-27	MT
Magnetite Mines Secures Water Supply Negotiation Rights for South Australian Iron Ore Project; Shares Down 8%	23-09-26	MT
Magnetite Mines Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-24	CI
Magnetite Mines Names Successor to Outgoing Chairman	23-09-13	MT
Magnetite Mines Announces Board Changes	23-09-12	CI
Magnetite Mines Appoints CFO; Shares Jump 8%	23-07-04	MT
Magnetite Mines Limited Announces the Appointment of Simon Smith as Chief Financial Officer, Commencing September 2023	23-07-04	CI
Magnetite Mines Launches Sustainability Platform	23-06-27	MT
Magnetite Mines Limited Launches Foothight Sustainability Platform	23-06-26	CI
Magnetite Mines Bolsters Economics of South Australian Iron Ore Project	23-06-12	MT
Magnetite Mines Declares Maiden Reserve for Iron Peak Deposit	23-06-09	MT
Magnetite Mines Changes Registered Office	23-06-01	MT
Magnetite Mines Limited Announces Change of Registered Office Address	23-06-01	CI
Magnetite Mines Signs MoU in Support of South Australian Iron Ore Project	23-05-05	MT
Magnetite Mines Secures Land Access for Proposed Rail Transport at Razorback Project	23-04-18	MT
Magnetite Mines Limited Announces Executive Changes	23-04-14	CI
Magnetite Mines Limited Announces CFO Changes	23-04-14	CI

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Company Profile

Magnetite Mines Limited is an Australia-based iron ore company. The Company is focused on the development of magnetite iron ore resources in the highly prospective Braemar iron region of South Australia. Its projects include Razorback Iron Ore Project and Muster Dam 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 situated approximately 45 kilometers (km) from open-user rail, 120 km from the power grid and 200 km to existing deep water ports. The Project consists of two magnetite iron ore deposits, the Razorback and the Ironback Hill deposits. The Muster Dam Iron Ore Project is hosted by the same Braemar Iron Formation as the Razorback Iron Ore Project. The Project is located approximately 110 km to the northeast of Razorback. The Company has a total mineral resource of six billion tons of iron ore located approximately 240 km from Adelaide.

Sector

Diversified Mining

Calendar

2024-09-25 - Q4 2024 Earnings Release (Projected)

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Sector Integrated Mining

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Integrated Mining

Magnetite Mines Limited

Equities

MGT

AU000000MGT5

Diversified Mining

Magnetite Mines' Razorback project to contribute $31 billion to South Australian economy

Contact Details

Latest news about Magnetite Mines Limited

Chart Magnetite Mines Limited

Company Profile

Income Statement Evolution

Sector Integrated Mining