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Magnetite Mines

Short interest
0.00%
0.00 pp 30d
as of 12 Mar 2025
Reported shorts
1.2K
Shares on issue
116.433M

Magnetite Mines (MGT) News

Latest articles and price-sensitive announcements with AI sentiment classification.

Kalkine
Neutral
19h ago

Will Magnetite Mines (ASX:MGT) Razorback Win Steel Backing?

Highlights Razorback in South Australia targets a premium direct reduction grade product Major project status from government adds momentum Soft Chinese steel margins make premium products a tougher ask near term Magnetite Mines (ASX:MGT), the South Australian developer of the Razorback iron ore project, is pitching a premium magnetite concentrate for low-emission steelmaking at a time when Chinese mills are under margin pressure and the benchmark iron ore price is soft. Magnetite Mines sits ...

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Kalkine
Neutral
2d ago

Can Magnetite Mines (ASX:MGT) Make Razorback Cheaper to Build?

Highlights A reworked scoping study swaps a costly coastal water solution for a simpler saline supply and starts in the richer parts of the deposit. The company still lacks a production target because much of the mine plan rests on inferred resources. Funding talks, a royalty review and mining lease negotiations will decide whether the leaner design can become a real project. Magnetite Mines (ASX:MGT), the South Australian developer behind the large Razorback iron ore project in the state's n...

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Kalkine
Neutral
7 Oct

How Is Magnetite Mines (ASX:MGT) Funding Its Razorback Plans?

Highlights Magnetite Mines lodged its annual report for the year to June, with its auditor again flagging uncertainty over the company's ability to continue as a going concern. The South Australian developer narrowed its net deficit compared with the prior year but generated only minimal revenue. Magnetite Mines (ASX:MGT) is in focus this week after lodging its annual report for the year to June at the end of September, with auditor Ernst & Young issuing a unqualified opinion but flagging...

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Kalkine
Neutral
6 Oct

Why Has Magnetite Mines Opened a Share Purchase Plan (ASX:MGT)?

Highlights Magnetite Mines opened a share purchase plan with free attaching options on Monday. The offer is priced at a discount and is partially underwritten. Options are subject to approval at the annual meeting in late November. Magnetite Mines (ASX:MGT) opened a share purchase plan with free attaching options on Monday, inviting eligible members of its register to subscribe for new shares at a discount as the South Australian magnetite developer seeks fresh funding. The offer opens In its...

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Kalkine
Neutral
25 Sept

Why Is Magnetite Mines Ltd (ASX:MGT) Seeing Iron Ore Trends Evolve?

Highlights Sector rotation can become more pronounced when rates rise and risk appetite weakens. Magnetite Mines Ltd offers a live-session example of how iron-ore shares can be read against that shift. The key question is whether project execution and demand visibility remains visible despite wider market noise. With global equities under pressure and bond markets resetting expectations, the Australian session begins with a stronger emphasis on selectivity. For Magnetite Mines Ltd (ASX:MGT), ...

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Kalkine
Neutral
3 Sept

Is Magnetite Mines (ASX:MGT) Entering the Iron Ore Stocks Spotlight?

Highlights Magnetite Mines has secured Major Project status from the federal government for its Razorback development in South Australia, a rare designation for an iron ore project. The tag is designed to streamline approvals and coordination across government agencies as the company works to advance the project toward a development decision. Razorback would produce a high-grade magnetite concentrate aimed squarely at steelmakers pursuing lower-emissions production pathways rather than the trad...

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Kalkine
Neutral
18 Aug

Why Is Magnetite Mines (ASX:MGT) Extending Its Debt Runway?

Highlights Magnetite Mines has secured a further extension to the maturity of its outstanding convertible notes, gaining additional time to progress funding for its flagship project. The extension follows a period of materially reduced corporate overheads, part of a broader push to stretch the company's cash runway during a challenging funding environment. Junior magnetite names have drawn growing market attention this week, reflecting broader interest in premium iron ore feedstocks alongside m...

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Kalkine
Neutral
12 Aug

Magnetite Mines Extends Maturity of $2.714M Convertible Notes by One Year for Razorback Iron Ore Project

Magnetite Mines Limited (ASX:MGT) has agreed with C/M Capital Master Fund, LP and WVP Emerging Manager Onshore Fund LLC – C/M Capital Series to extend the maturity dates of all outstanding Convertible Notes issued under Convertible Securities Agreements dated 10 January 2025 by 12 months. These notes have a combined face value of $2.714 million. Key Points The maturity dates for all outstanding Convertible Notes totaling $2.714 million have been extended by 12 months. The four tranches now ...

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Kalkine
Neutral
21 Apr

Why Is Magnetite Mines Advancing Ironback Hill Exploration?

Highlights Drilling campaign begins at Ironback Hill Focus on shallow clay-hosted mineralisation Strategy supports broader resource evaluation Magnetite Mines has initiated a focused drilling programme at Ironback Hill, targeting rare earth mineralisation while complementing its broader resource strategy in South Australia. Magnetite Mines (ASX:MGT) has commenced an air core drilling campaign at its wholly owned Ironback Hill Rare Earth Elements Project, marking a fresh phase of explora...

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Kalkine
Positive
23 Mar

Why Magnetite Mines (ASX:MGT) Targets Export Growth?

Highlights • Magnetite Mines progresses Port Pirie iron ore export concept. • Green iron strategy aligns with evolving steel production frameworks. • Infrastructure planning supports integrated mining and export systems. Magnetite Mines advances green iron strategy and Port Pirie export concept, highlighting iron ore sector activity within the ASX All Ordinaries market framework. The iron ore and mining sector represents a foundational component of Australia’s resource-driv...

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