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Magnetite Mines Razorback Ridge Iron Ore Porject
Magnetite Mines Insights

LOWER EMISSIONS

Magnetite ores can be reduced with less heat, making them ideal feedstock for low carbon steel production.

LOWER IMPURITIES

Magnetite concentrates contain lower levels of impurities (silicon, phosphorous, sulphur, aluminium) compared to haematite DSO.

PREMIUM PRICES

Iron ore 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 has a 100% owned Mineral Resource of 6 billion tonnes of iron ore and is developing the Razorback Iron Ore Project, located 240km from Adelaide, to meet accelerating market demand for premium iron ore products created by iron and steel sector decarbonisation, with the potential to produce high-value Direct Reduction (DR) grade concentrates.

 

Razorback is set to become a very long-life iron ore project with expansion optionality in a tier 1 jurisdiction that will produce a superior iron ore product sought by steelmakers globally.

OPENING UP THE BRAEMAR

Projects

Our portfolio in South Australia includes our flagship 4.5 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

8 July 2024

Heads of Agreement signed with JFE Shoji

The Agreement provides a framework to negotiate a binding transaction towards DFS funding for the Razorback Project following a due diligence process that commenced in April 2023.

Media Release: MGT Welcomes Aligned SA Gov Green Iron and Steel Strategy

Magnetite Mines welcomes yesterday’s release by the South Australian Government of the State’s Green Iron and Steel Strategy centred on its vision to  be a partner of choice for decarbonised steelmaking

Media Release: MGT Welcomes Aligned SA Gov Green Iron and Steel Strategy

Friday, 21 June 2024

Press

Featured Article:

Featured Video:

6 Billion Tonneof Iron Ore:UnlockingSouth Australia'sPotential

Key Documents:

20 June 2024

Premium Iron Ore... for steel sector decarbonisation
Premium Iron Ore... for steel sector decarbonisation
Premium Iron Ore... for steel sector decarbonisation

20 June 2024

South Australia's Green iron and steel strategy
South Australia's Green iron and steel strategy
South Australia's Green iron and steel strategy

20 March 2024

Factsheet - Green Iron project in South Australia
Factsheet - Green Iron project in South Australia
Factsheet - Green Iron project in South Australia

21 June 2024

Press

Media Release: MGT Welcomes Aligned SA Gov Green Iron and Steel Strategy

Magnetite Mines welcomes yesterday’s release by the South Australian Government of the State’s Green Iron and Steel Strategy centred on its vision to  be a partner of choice for decarbonised steelmaking

Media Release: MGT Welcomes Aligned SA Gov Green Iron and Steel Strategy

23 May 2024

Media Release: South Australia's Green Iron Advantage

Magnetite Mines Limited (ASX:MGT) welcomes the findings of the Green Iron Supply Chain Study announced by the South Australian Government this week that reinforces the State’s comparative advantage for the production of green iron.

Media Release: South Australia's Green Iron Advantage

3 May 2024

Press

InDaily: The planets are aligning for Magnetite Mines

Magnetite Mines CEO Tim Dobson discusses the company’s role in SA’s green iron future with InDaily.

InDaily: The planets are aligning for Magnetite Mines

More Articles:

Premium iron ore for our decarbonised steel future

Explore the Future of Iron Ore

Magnetite mines is an ASX-listed iron ore company (ASX:MGT) focused on the development of magnetite iron ore resources in the highly-prospective Braemar iron region of South Australia

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

Supportive South Australian Government

Government commited to 'green minerals' and green hydrogen industry development.

Our Consulting Partners

NON-PROCESS INFRASTRUCTURE