LOWER EMISSIONS
Razorback magnetite concentrates can be used with EAF steelmaking technologies which produce lower carbon emissions
LOWER IMPURITIES
Razorback magnetite concentrates contain lower levels of impurities (silica, phosphorous, sulphur, aluminium) compared to haematite DSO
PREMIUM PRICES
Razorback magnetite concentrates
derived from magnetite are a premium product and attract higher prices from steelmakers
HIGH GRADE LOW IMPURITIES
Premium product
The Project aims to produce a premium DR-grade iron ore concentrate at 68.5% iron with low deleterious elements (silica, alumina and phosphorus). As DSO grades decline and steel mills face increasing pressure to decarbonise, Razorback’s premium product is expected to be in high demand as critical new supply for decarbonised steelmaking.
COMPANY
Magnetite Mines
The Company holds a 100%-owned Mineral Resource of 6.6 billion tonnes and is advancing its flagship Razorback Iron Ore Project, located approximately 240 kilometres northeast of Adelaide. Razorback is one of the few undeveloped magnetite projects globally capable of producing premium Direct Reduction (DR) grade concentrate at scale — a key feedstock for green iron and lower-emissions steelmaking — positioning the Company to benefit from growing demand for high-purity iron ore products. The Project recently received Major Project Status from the Australian Government and is currently the only iron ore project in Australia to hold this designation.
Magnetite Mines also holds an extensive South Australian tenement portfolio prospective for rare earth elements, copper, silver and gold, providing disciplined exposure to critical minerals aligned with global electrification and decarbonisation trends.
OPENING UP THE BRAEMAR
Projects
Our portfolio in South Australia includes our flagship 3.8 billion tonne Razorback Iron Ore Project located just 240 kilometres northeast of Adelaide in arid, low-intensity pastoral country. The Project benefits from close proximity to existing infrastructure including open-user rail (~45km), the renewables-weighted South Australian grid forecast to be 100% renewable by 2027 (~120km) and a number of Spencer Gulf ports (~200km). The majority of the Project’s 110km strike zone is largely underexplored
The 1.2 billion tonne Muster Dam Iron Ore Project, offers exciting exploration and development potential.
Learn more about Magnetite Mines with our Insights! Stay up to date with current company, project and industry news
30 January 2026
Quarterly Wrap-up Dec 2025
MD Tim Dobson shares key highlights from the quarter, including progress on Razorback strategic partnering and approvals, CSL Australia joining the Green Iron SA consortium, and continued momentum in South Australia’s infrastructure planning for power and water in the Braemar iron region.
Tim also provides updates from the Company’s multi-commodity exploration program, including additional REE mineralisation at Ironback Hill, an upcoming REE drilling program, and ongoing copper and gold exploration.
Green Iron SA, has been officially launched to accelerate the establishment of a green iron industry in South Australia. The consortium is comprised of Magnetite Mines, Aurizon Holdings, Flinders Port Holdings, and GHD.
Media Release: Green Iron SA Consortium Launches To Spearhead South Australia's Green Iron Revolution
Monday 21 October 2024
Press
Featured Article:
Featured Video:
6 Billion Tonne of Iron Ore: Unlocking South Australia's Potential
Key Documents:
18 March 2026
Press
InDaily: Razorback: SA’s multibillion-tonne iron ore project gets Feds backing
A South Australian iron ore project, years in the making, has won Major Project Status, recognising its significance to the nation.
18 February 2026
Press
Australian Mining: Razorback becomes first iron ore project on major project list
The Razorback iron ore project in South Australia has been given major project status by the Federal Government, reflecting its more than $1 billion potential economic contribution.
More Articles:
6.6
Billion
Tonnes of Mineral Resource
2 billion tonne ore reserves with access to existing rail & ports.
100
%
MGT Owned Tenements
Managed by our high-quality management team and board with extensive global mining experience.
68.5
%
Fe Premium DR Grade Iron Ore
Rare, 68.5% Fe premium grade iron ore product essential for low emission iron & steelmaking.
SA
Gov
Stable, supportive government
Committed to green iron industry development.
Our Consulting Partners
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ENVIRONMENTAL CONSULTANT
PROCESSING
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