Magnetite Mines partners with JFE Shoji Australia on iron ore project | National Resources Review

"Magnetite Mines Limited (ASX:MGT) has announced a significant step forward in the development of its Razorback Iron Ore Project, signing a non-binding Heads of Agreement with JFE Shoji Australia Pty. Ltd. (JFE), an Australian subsidiary of JFE Shoji Corporation.

"The agreement outlines terms for negotiating a binding transaction that could see JFE provide funding for the completion of the Razorback Iron Ore Project’s Definitive Feasibility Study (DFS).