Magnetite Mines Raises Funds to Advance Razorback Iron Ore Project
Magnetite Mines has announced an equity raising to advance its Razorback Iron Ore Project. The company is seeking funds through a share purchase plan and broader capital raising, which was first announced in late September 2026.
The presentation highlights the project's potential with previously disclosed mineral resource, ore reserve, and production target data from its scoping study. Magnetite Mines emphasizes that investors must consider detailed risk factors before committing funds and reiterates that all financial figures are in Australian dollars.
The company acknowledges the Ngadjuri People as Traditional Owners of the project land and signals a continued focus on regulatory compliance, transparency, and stakeholder engagement. It also restates that assumptions underpinning its Razorback forecasts remain unchanged.