Company Summary

Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. Its flagship project is the Razorback Iron Ore project that includes the Razorback and Iron Peak deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is based in Adelaide, Australia.

Materials

Other Industrial Metals and Mining

Announcements

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Articles

Horizon Minerals Limited Halts Trading for Capital Raise

Horizon Minerals Limited has halted trading while finalizing details for a planned capital raising. The suspension will remain until they release further information or trading resumes on May 26, 2025.

HRZ

Patriot Resources Limited Halt: Acquisition & Capital Raise

Patriot Resources Limited has temporarily halted trading as it prepares to announce news on an exploration project acquisition and a capital raising. Regular trading is expected to resume by May 26, 2025, pending these forthcoming announcements. Stay tuned for further updates.

PAT

Nordic Resources Limited Trading Halt Amid Capital Raise

Nordic Resources Limited has halted trading pending a planned capital raise announcement. Trading will resume on Monday, 26 May 2025, or once more details are shared. Keep an eye on Nordic Resources as this development unfolds, potentially shaping future market opportunities for new traders.

NNL

HyTerra Limited: 96% Hydrogen, 5% Helium Discovery in Kansas

HyTerra Limited’s Sue Duroche 3 well in Kansas, USA, reveals exceptional hydrogen readings up to 96% and notable helium levels. These strong early results support the company's 12‐month exploration program to tap into naturally occurring low-carbon hydrogen, offering exciting prospects for emerging energy investors.

HYT

Raiden Resources Boosts Vuzel Gold Stake to 75%

Raiden Resources Limited has advanced its Vuzel Gold Project in Bulgaria by increasing its stake from 51% to 75%. This key milestone, driven by promising exploration results, supports the project's growth potential—making it an intriguing opportunity for investors and beginner traders alike.

RDN

Constellation Resources Limited: $0.12 New Share Offer

Constellation Resources Limited has replaced its previous offer with a new entitlement offer, pricing new shares at $0.12 for every three held. The company aims to raise approximately $2.52m to fuel exploration, business development, and working capital. This move offers an exciting opportunity for shareholders.

CR1

Solis Minerals Limited Launches 2,500m Drill in Peru

Solis Minerals Limited launches a 2,500m drill campaign at its promising Chancho al Palo copper-gold project in Peru. With drilling also set for the nearby Ilo Este and results from the Cinto IP survey expected soon, early-stage investors could see exciting growth in this expanding mineral portfolio.

SLM

Perenti Limited Secures A$1B Obuasi Mining Contract

Perenti Limited has secured a five‐year, AU$1bn contract to deliver underground mining services at Ghana’s Obuasi Gold Mine for AngloGold Ashanti. This deal highlights the company’s global expertise and reinforces its focus on creating lasting value for clients and investors.

PRN

Far Northern Resources Finds High-Grade Gold at Bridge Creek

Far Northern Resources Limited reports encouraging Phase 1 drill results at its Bridge Creek project, revealing significant gold grades and extended mineralisation in the Northern Territory. This promising data supports further exploration and may drive future growth, capturing the attention of emerging traders.

FNR

Fortescue Ltd Targets 22Mt Iron Bridge Output by FY28

Fortescue Ltd anticipates ramped shipments from its Iron Bridge magnetite operation, targeting 10–12 million tonnes in FY26 and an annual rate of 16–20 million tonnes in H2 FY27. Full capacity of 22 million tonnes is expected by FY28, bolstered by ongoing process enhancements and production improvements.

FMG

OD6 Metals Limited: Phase 2 Drilling at Gulf Creek Copper

OD6 Metals Limited received NSW regulator approval for an 18‐hole, Phase 2 drilling campaign at its historic Gulf Creek Copper Project. The program targets high-grade copper, zinc, and silver mineralisation along untested structures, offering promising exploration potential for modern, geophysics-driven discoveries.

OD6

Patagonia Lithium Ltd: 41% Porosity, 28% Yield

Patagonia Lithium Ltd reports promising NMR survey results from its Formentera lithium brine project in Argentina. With up to 41% porosity and substantial aquifer continuity, the new data validates its mineral resource estimates and boosts investor optimism ahead of further exploration developments.

PL3

Moho Resources Boosts Cash Flow With Empress Springs Sale

Moho Resources Limited completed the sale of its Empress Springs Project to Qld Aus Graphite Pty Ltd, securing an upfront payment of $408,500 with a deferred $300,000 due next year. This strategic move reinforces its commitment to unlocking asset value and exploring fresh project opportunities.

MOH

Rapid Lithium Limited Buys Silver Assets in A$6.5M Deal

Rapid Lithium Limited has signed agreements to acquire high‐grade silver assets in northern New South Wales. The projects offer robust resource estimates and both underground and open-pit potential, positioning the company for expanded growth in a strong silver market.

RLL

Hawsons Iron Ltd: Dry Circuit Cuts Costs, Aids Green Steel

Hawsons Iron Ltd’s latest technical report validates a 100% dry processing circuit that lowers costs and enhances safety, de-risking early operations. The move paves the way for pilot tests and updated resource estimates, offering promising prospects for iron ore investors and emerging traders.

HIO

Solstice Minerals Limited Eyes Major Copper-Gold Upside

Solstice Minerals Limited has identified promising extension targets at its Nanadie copper–gold project. With a maiden RC drilling program planned mid‑2025, the deposit’s open structure could drive a significant resource expansion—an appealing prospect for investors eyeing long‑term value in quality mining assets.

SLS

Aruma Resources Drills New Targets at Salmon Gums

Aruma Resources Limited has completed a promising drilling phase at its Salmon Gums Gold Project in Western Australia, targeting new gold prospects. Assay results are expected soon, which may steer next exploration steps and boost the project’s potential for future discoveries.

AAJ

Atlantic Lithium Discovers Spodumene in Côte d'Ivoire

Atlantic Lithium Limited has discovered high-grade spodumene pegmatite and notable lithium soil anomalies in its Côte d’Ivoire licences. The exploration extends beyond Ghana, with plans for further mapping and drilling aimed at advancing Africa’s next major lithium deposit, offering potential upside for investors.

A11

Galileo Mining Ltd Starts RC Drilling at Fraser Range

Galileo Mining Ltd has commenced RC drilling at its Fraser Range project in Western Australia, targeting promising electromagnetic sulphide prospects with potential for nickel, copper, and gold. The three-week program expects initial assay results in July 2025, marking an exciting development for future growth prospects.

GAL

Lincoln Minerals Hits 99.97% Battery-Grade Graphite

Lincoln Minerals Limited has confirmed its Kookaburra Graphite Project produces battery-grade graphite (99.97% purity) suitable for lithium-ion battery anodes—achieved without using hazardous hydrofluoric acid. This breakthrough enhances safety, reduces costs, and boosts downstream potential in Australia’s evolving battery materials supply chain.

LML

DeSoto Resources Limited Extends Guinea Gold Targets to 3.7km

DeSoto Resources Limited extends gold anomalies to 3.7km at Timbakouna and uncovers new targets at Dadjan. Active drilling and sampling across West Africa signal potential for breakthrough gold discoveries, fueling optimism for robust near-term growth.

DES

West African Resources: 44m High-Grade Gold Drill Results

West African Resources Limited has reported breakthrough drilling in Burkina Faso, including an impressive 44m at 25.8 g/t gold. These high-grade intercepts below existing reserves are set to upgrade production forecasts, enhancing its long-term, unhedged growth story—a promising sign for beginner traders.

WAF

Altamin Limited Finds High-Grade Mineral Extensions

Altamin Limited announces exceptional high-grade assay results from its final channel sampling at the Gorno Project in Italy. The expanded mineralisation beyond current resource estimates highlights significant growth potential and offers encouraging prospects for investors interested in mining opportunities.

AZI

Augustus Minerals Extends 1km High-Grade Gold Zone

Augustus Minerals Limited announced that high-grade surface gold sampling at its Music Well project has extended a mineralised zone to nearly 1km. The discovery of promising new veins, coupled with ongoing mapping, reinforces growth potential, making it an intriguing opportunity for early-stage investors.

AUG

Stavely Minerals Limited RC Drilling at Fairview Gold

Stavely Minerals Limited is set to commence RC drilling at its Fairview Gold Prospect in Western Victoria. The move supports a revised view of a 10km mineralized structure, including high-grade copper and silver zones, amid rising gold prices.