Magnetite Mines Ltd. (MGT)

Overview

Magnetite Mines Limited is a prominent player in the exploration of mineral properties, with a particular focus on iron ore in South Australia. Since its inception in 2004, the company has dedicated itself to identifying and developing high-quality iron ore deposits. Originally known as Royal Resources Limited, it underwent a rebranding to Magnetite Mines Limited in December 2015, emphasizing its specialization in magnetite iron ore. The company's headquarters are situated in Adelaide, Australia, from where it conducts its operations and project development activities. Its flagship Razorback Iron Ore project exemplifies its commitment to the industry, showcasing significant potential for iron ore production in the Adelaide region.

Products and Services

• Razorback Iron Ore Project

This project is the cornerstone of Magnetite Mines Limited's portfolio, situated in the mineral-rich area of South Australia. It comprises the Razorback and Iron Peak deposits, which are known for their substantial magnetite resources. The Razorback Iron Ore Project is distinguished by its extensive deposit of magnetite iron ore, which has numerous industrial applications including steel manufacturing. Magnetite Mines Limited is engaged in the exploration, assessment, and development of this project, aiming to bring it into production and capitalize on the growing global demand for high-grade iron ore.