Magnetite Mines（MGT）株式概要マグネタイト・マインズ社(Magnetite Mines Limited)は、南オーストラリア州で鉱区の探査を行っている。 詳細MGT ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性5/6配当金0/6リスク分析過去5年間で収益は年間14.3%減少しました。 過去1年間で株主の希薄化は大幅に進んだ 収益が 100 万ドル未満 ( A$301 )意味のある時価総額がありません ( A$7M )すべてのリスクチェックを見るMGT Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$0.031該当なし内在価値ディスカウントEst. Revenue$PastFuture-6m254k2016201920222025202620282031Revenue AU$307.6Earnings AU$41.2AdvancedSet Fair ValueView all narrativesMagnetite Mines Limited 競合他社Pearl Gull IronSymbol: ASX:PLGMarket cap: AU$6.3mHawsons IronSymbol: ASX:HIOMarket cap: AU$17.7mEquatorial ResourcesSymbol: ASX:EQXMarket cap: AU$21.7mEastern ResourcesSymbol: ASX:EFEMarket cap: AU$4.3m価格と性能株価の高値、安値、推移の概要Magnetite Mines過去の株価現在の株価AU$0.03152週高値AU$0.2952週安値AU$0.026ベータ-0.0111ヶ月の変化0%3ヶ月変化-38.00%1年変化-73.04%3年間の変化-93.11%5年間の変化-99.05%IPOからの変化-99.81%最新ニュースお知らせ • Mar 03Magnetite Mines Limited has filed a Follow-on Equity Offering.Magnetite Mines Limited has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Price\Range: AUD 0.04 Transaction Features: Rights Offeringお知らせ • Oct 28Magnetite Mines Limited, Annual General Meeting, Nov 26, 2025Magnetite Mines Limited, Annual General Meeting, Nov 26, 2025. Location: in the torrens room 1, hotel grand chancellor, 65 hindley street, adelaide Australia分析記事 • Oct 01Does Magnetite Mines (ASX:MGT) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Sep 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 82% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m (AU$226k revenue, or US$148k). Market cap is less than US$10m (AU$11.7m market cap, or US$7.67m).New Risk • Aug 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$261k revenue, or US$170k). Market cap is less than US$10m (AU$14.7m market cap, or US$9.54m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding).お知らせ • Aug 08Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.65 million.Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.65 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,692,308 Price\Range: AUD 0.065 Discount Per Security: AUD 0.0039 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,076,923 Price\Range: AUD 0.065 Discount Per Security: AUD 0.00065 Security Features: Attached Options Transaction Features: Rights Offering最新情報をもっと見るRecent updatesお知らせ • Mar 03Magnetite Mines Limited has filed a Follow-on Equity Offering.Magnetite Mines Limited has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Price\Range: AUD 0.04 Transaction Features: Rights Offeringお知らせ • Oct 28Magnetite Mines Limited, Annual General Meeting, Nov 26, 2025Magnetite Mines Limited, Annual General Meeting, Nov 26, 2025. Location: in the torrens room 1, hotel grand chancellor, 65 hindley street, adelaide Australia分析記事 • Oct 01Does Magnetite Mines (ASX:MGT) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Sep 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 82% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m (AU$226k revenue, or US$148k). Market cap is less than US$10m (AU$11.7m market cap, or US$7.67m).New Risk • Aug 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$261k revenue, or US$170k). Market cap is less than US$10m (AU$14.7m market cap, or US$9.54m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding).お知らせ • Aug 08Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.65 million.Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.65 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,692,308 Price\Range: AUD 0.065 Discount Per Security: AUD 0.0039 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,076,923 Price\Range: AUD 0.065 Discount Per Security: AUD 0.00065 Security Features: Attached Options Transaction Features: Rights OfferingNew Risk • Mar 18New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$6.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.2m free cash flow). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$261k revenue, or US$166k). Market cap is less than US$10m (AU$12.8m market cap, or US$8.16m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding).お知らせ • Feb 07+ 1 more updateMagnetite Mines Limited Announces Resignation of Simon Smith as Chief Financial Officer, Effective 7 March 2025Magnetite Mines Limited announced that Chief Financial Officer, Mr. Simon Smith has resigned from the Company, effective 7 March 2025.New Risk • Dec 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m (AU$214k revenue, or US$136k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$16.1m market cap, or US$10.3m).New Risk • Nov 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m (AU$214k revenue, or US$139k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$16.7m market cap, or US$10.8m).New Risk • Nov 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: AU$13.8m (US$9.06m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m (AU$214k revenue, or US$140k). Market cap is less than US$10m (AU$13.8m market cap, or US$9.06m).お知らせ • Oct 29Magnetite Mines Limited Announces Resignation of Jim Mckerlie as DirectorMagnetite Mines Limited advised that Mr. Jim McKerlie will resign as a Non-Executive Director at the Company's upcoming Annual General Meeting (AGM) due to personal commitments and other business interests. Mr. McKerlie joined the Board in January 2022 as a Non-Executive Director. He then served as Chair of the Board from September 2023 to September 2024 before transitioning back to a Non-Executive Director role.New Risk • Oct 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m (AU$372k revenue, or US$255k). Minor Risk Market cap is less than US$100m (AU$21.3m market cap, or US$14.6m).New Risk • Sep 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$236k revenue, or US$161k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (AU$18.4m market cap, or US$12.5m).お知らせ • Sep 03Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 4.1 million.Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 4.1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,000,000 Price\Range: AUD 0.2 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,500,000 Price\Range: AUD 0.2 Discount Per Security: AUD 0.002 Security Features: Attached Options Transaction Features: Rights Offeringお知らせ • Jun 21Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 5.085792 million.Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 5.085792 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,405,781 Price\Range: AUD 0.31 Transaction Features: Rights OfferingNew Risk • Jun 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.7m free cash flow). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$236k revenue, or US$157k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$38.4m market cap, or US$25.5m).New Risk • Mar 09New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$8.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.7m free cash flow). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$186k revenue, or US$123k). Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$26.6m market cap, or US$17.6m).New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (AU$213k revenue, or US$139k). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$31.0m market cap, or US$20.3m).New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$14m free cash flow). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (AU$213k revenue, or US$136k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$29.2m market cap, or US$18.6m).お知らせ • Oct 23Magnetite Mines Limited, Annual General Meeting, Nov 23, 2023Magnetite Mines Limited, Annual General Meeting, Nov 23, 2023, at 10:00 Cen. Australia Standard Time. Location: David Spence Room Adelaide Town Hall, 128 King William Street, Adelaide Adelaide Australia Agenda: To consider the Non-Binding Resolution to adopt Remuneration Report; to consider the Election of Dr. Carmen Letton as a Director; to consider the Approval to issue Performance Rights and Options to Chief Executive Officer, Tim Dobson; to consider the Approval of Additional 10% Placement Capacity; to consider the Board Spill Meeting Resolution; and to consider other matters.New Risk • Sep 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$17m free cash flow). Earnings have declined by 6.1% per year over the past 5 years. Revenue is less than US$1m (AU$254k revenue, or US$163k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$25.3m market cap, or US$16.3m).New Risk • Sep 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$17m free cash flow). Earnings have declined by 6.1% per year over the past 5 years. Revenue is less than US$1m (AU$254k revenue, or US$162k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$27.3m market cap, or US$17.4m).お知らせ • Jul 06Magnetite Mines Limited Announces the Appointment of Simon Smith as Chief Financial Officer, Commencing September 2023Magnetite Mines Limited announced the appointment of Mr. Simon Smith as Chief Financial Officer (CFO), commencing September 2023. Simon is a highly accomplished CFO and Company Secretary with extensive experience in both ASX and TSX listed companies. He has played a pivotal role in the leadership and strategic direction of growth-driven companies, effectively driving their financial success. Simon has successfully led the execution of capital raisings totalling over AUD 500 million, encompassing both debt and equity financing, as well as initial public offerings (IPOs). Simon is a member of the Australian Institute of Chartered Accountants and was most recently the CFO of Energy Action Limited. Prior to that, he was CFO and Company Secretary of ASX-listed Heron Resources Limited, overseeing the $340 million project financing and commercial development of the Woodlawn Zinc Copper Mine in NSW through to full scale operations.お知らせ • Jun 27Magnetite Mines Limited Launches Foothight Sustainability PlatformMagnetite Mines Limited launched foresight, the Company's sustainability platform driving ESG-related actions through the project study, design, delivery and operational stages. As the existing iron ore sector seeks to transition to a new future centered on sustainable practices, Magnetite Mines intends to emerge as a new producer of premium-grade iron ore to meet the demand of the decarbonizing steel industry, with a collaborative and focused sustainability culture embedded from the outset. By bringing focus to Magnetite Mines' leading ESG profile, the company can design and showcase a sustainable mining future with the objective of becoming an iron ore supplier of choice. project delivery must demonstrate pathways to net zero carbon operations, nature-positive outcomes, actions that support the building of resilient, inclusive communities and adaptive governance. adoption of, and alignment with, global standards, such as the Initiative for Responsible Mining Assurance (IRMA), will demonstrate credibility as responsible operators and support attractiveness to customers. foresight is intended to become a key identifier and differentiator for Magnetite Mines, and an essential component of the Company's strategy for engaging with project partners, financiers, regulators and other stakeholders. MGT recognizes that embedding sustainability within its business provides a significant competitive advantage and opens opportunities for new value creation. A meaningful commitment to responsible resource development across environment, social and governance (ESG) aspects can commonly deliver: reduced cost of capital, insurance, etc.; market opportunities, particularly for supply chains where product assurance is critical (i.e., ResponsibleSteel); cost efficiencies associated with sustainable practices and collaboration; efficient attraction and retention of labor; improved environmental performance and compliance outcomes; and engaged and supportive communities and stakeholders.Recent Insider Transactions • Feb 16Non-Executive Director recently bought AU$99k worth of stockOn the 13th of February, Paul White bought around 124k shares on-market at roughly AU$0.80 per share. This transaction increased Paul's direct individual holding by 6x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$149k more in shares than they have sold in the last 12 months.お知らせ • Feb 09+ 1 more updateMagnetite Mines Limited Announces Mineral Resource Estimate Update for the Iron Peak Deposit, and the Razorback Iron Ore ProjectThe Iron Peak sample also exhibit the lowest average bond ball work index (at 6.8kWh/t), and the lowest abrasion index (0.05), translating to lower processing costs when compared with samples from other parts of the Project resource base. The Iron Peak Deposit represents a portion of the wider Razorback Iron Ore Project Mineral Resource Estimate and lies approximately 4kms to the east of the current proposed process plant location. The updated Mineral Resource includes an increase in the quantity of material in Indicated classification (available for potential conversion to Ore Reserves) to 286 Mt, up 14% from 247 Mt. The combination of increased mass recovery and Indicated classification tonnage, along with superior metallurgical response, has positive implications for Project development as higher mass recovery enables more magnetite concentrate to be produced per tonne of plant feed. Given the deposit's historically smaller tonnage and distance from the plant, the deposit has previously featured late in mine scheduling. Based on this new information, MGT's mining consultants have commenced new pit optimisation modelling and plant feed sequencing to assess concentrate production from Iron Peak mineralisation in the initial years of the Project life. Drilling at the Iron Peak deposit commenced in October 2021 and was completed in late January 2022. Sampling of core material for resource purposes followed metallurgical sampling and was completed in mid-2022 for analysis at Bureau Veritas Laboratories. The drill program consisted of two primary drill programs: This drilling program consisted of 11 PQ diameter diamond drill holes, drilled vertically and for the purpose of metallurgical sampling. The program was designed to intersect varying lithologies across the Iron Peak deposit in both weathered and fresh domains of the resource, to represent early year plant feed. The metallurgical drill program comprised 1,393m of drilling and produced 1,326 samples for head grade (XRF and SATMAGAN) and Davis Tube Recovery (DTR - Mass Recovery) analysis. This program followed metallurgical drilling and consisted of 6 HQ diameter diamond drill holes. The drill program was designed to intersect mineralisation at Iron Peak in areas with poor drill coverage, to improve near surface resource classification and intersect prospective stratigraphy previously inaccessible due to topography (Unit A). Drill holes were orientated to intersect mineralisation near- perpendicular to the dip-angle. The shallow infill drill program comprised 519m of drilling and produced 487 samples for head grade (XRF and SATMAGAN) and Davis Tube Recovery (DTR - Mass Recovery) analysis. Drilling was undertaken with a KWL 1600H Multipurpose rig via drilling contractor Foraco. Drill site placement, geological logging and sampling was undertaken by MGT staff. Completed in parallel with Iron Peak, the Razorback Deposit Mineral Resource Estimate, which includes the Razorback Ridge and Razorback West prospects, has been updated to maintain consistency of resource estimation methodology across the deposits. Accordingly, the Razorback Deposit was subjected to the same domaining assumptions as applied to the Iron Peak Deposit, for the application of eDTR regressions to the weathering profile and fresh search domains. This resulted in a minor adjustment for this deposit with the Mineral Resource Estimate updated to 2,740Mt at 15.4% mass recovery, up from 2,580Mt at 15.6% mass recovery. In combination, the Iron Peak Mineral Resource Estimate, together with the updated Razorback Mineral Resource Estimate, form the Razorback Iron Ore Project Resource Estimate. Following this update, the Company's global Mineral Resource Estimate has increased to 5,982 Mt for a combination of Inferred and Indicated classified iron mineralisation, per JORC 2012 code and guidelines. Geological modelling and interpretation of bedding and structural geometry follows the previous Resource Estimate for the Razorback Iron Ore Project with minor wireframe updates. The initial geological interpretation was completed by independent geological consultants and updated with additional drilling data acquired during the 2021/2022 metallurgical and infill drill program. Data included in the updated interpretation included lithological, geophysical (downhole magnetic susceptibility and density logging data) and photographic data. Geological model wireframes were updated and results of the interpretation were imported into the Micromine Resource Estimation software suite by Widenbar and Associates, for block modelling and resource estimation. All data and interpretations were verified by the Company's in-house geological team.お知らせ • Jan 25Magnetite Mines Limited Announces Appointment of Carmen Letton as Non-Executive DirectorMagnetite Mines Limited announced the appointment of Dr. Carmen Letton as Non- Executive Director, effective immediately. Dr. Letton is a mining engineer and mineral economist with over 35 years' global mining experience, holding senior leadership positions in operations, engineering, asset and business development and corporate strategy. She has particular technical expertise in open pit and underground mines across multiple commodities and the many stages of asset development. Most recently, Dr. Letton was Head of Resource Development and Life of Asset Planning (Asset Strategy Development) at Anglo American, having previously worked at BHP Billiton, Rio Tinto, Newmont, and Newcrest. Dr. Letton was selected as one of the "100 Global Inspirational Women in Mining" in 2016 and 2018 by Women in Mining UK. She holds a PhD Mineral Economics from the University of Queensland and a Bachelor of Engineering (Hon) (Mining) from the West Australian School of Mines.お知らせ • Jan 17Magnetite Mines Limited Provides Update on Razorback Project Optimisation StudiesMagnetite Mines Limited provided a progress update on the optimisation studies commenced in September 2022 and scheduled for completion by the end of first quarter 2023. As announced on 13 September 20221, the Company refocused its Razorback Iron Ore Project (Project) development strategy in line with evolving market conditions and downstream industry feedback. A suite of optimisation studies were commenced aimed at defining the go-forward scope for a refocused DFS (Definitive Feasibility Study). The key objectives of the optimisation studies are to: Increase and optimise Stage 1 production, with a minimum 5Mtpa capacity, to enhance project economics via economies of scale, while taking advantage of the 5.7 billion tonne Project resource base; Increase Project attractiveness to potential iron and steel industry partners and customers, institutional investors, and project financiers; Access potential to re-estimate Ore Reserves as a direct result of expanded production scale; and Improve ESG credentials through enhanced concentrate specifications that support downstream iron and steelmaking decarbonisation, and potential electrification of major equipment supported by larger-scale development. The Company reported that all studies are progressing to plan, with initial AACE Class 5 engineering estimates received on time from the Company's engineering partners. A staged development philosophy has been maintained throughout, commencing with a manageable but robustly economic start-up capacity, expanding thereafter to meet market demand. Key Study outcomes achieved so far which are subject to further testing include: Plant Optimisation: Magnetite processing specialists Hatch are leading the plant optimisation studies with respect to assessing larger scale production scenarios. A key focus of these studies has been the assessment of alternative front-end crushing options and the investigation of opportunities for early-stage rejection of waste and low-grade material via dry magnetic separation. Hatch are also completing parallel studies with respect to tailings storage facility configurations, with both conventional and thickened tailings options currently being investigated.お知らせ • Dec 22Magnetite Mines Limited Announces Peer Review Confirms Razorback Process Plant DesignMagnetite Mines Limited announce the completion of a peer review of the Razorback Iron Ore Project's (Project) process plant (Review), with outcomes confirming the feasibility of the Hatch-engineered flowsheet and plant design. With the overall objective of producing high-grade magnetite concentrate with iron grades above 67.5% Fe, the Razorback process flowsheet has been designed to process iron ores for minimum operating cost. An accompanying metallurgical testwork suite has been undertaken to de-risk the flowsheet at every stage of processing. The Review was completed by independent industry specialists with extensive magnetite processing experience. The independent technical team completed the assessment across four key areas: Process flowsheet; Equipment selection, including crushing, HPGR, milling, dewatering and filtration; Materials handling aspects; and Metallurgical results. While confirming the feasibility of the current process flowsheet and plant design, the Review also highlighted economies of scale benefits that may be realised with increased production capacity. This is in line with the Company's decision to increase the scale of Stage 1 production capacity to a minimum of 5Mtpa. In particular, scale-up opportunities were identified in the areas of stockpile reclaim and primary grinding for capacities of 5Mtpa and higher. Optimisation Studies: The Review's findings have underpinned and supported the scope of processing-focused Optimisation Studies being undertaken by the Company. These studies also reference the extensive metallurgical testwork and engineering design studies already completed and are well underway with results due in the first quarter of 2023. Key features of the process plant design and flowsheet are expected to carry over into scaled-up designs, including: Process plant feed flexibility: To accommodate anticipated ore variability from the mine during operations, the process plant has been designed to cope with a wide range of head grade and mass recovery parameters at nominal throughput rates. This feature allows the process plant to maintain throughput consistency and yield over the life of mine, addressing many of the orebody variability issues seen in West Australian magnetite processing operations. Concentrate specification flexibility: The process plant design is centred around the Razorback ore's ability to produce high-grade concentrates with a minimum 67.5% Fe concentrate specification. Metallurgical testwork results have demonstrated that higher-grade outputs are achievable for some areas of the ore body2. This feature has been adapted into the design of the process flowsheet and plant design whereby operation can be adjusted with respect to product quality in response to market conditions or customer preference, without capital-intensive plant modifications. Modular construction: The process plant design centres around single production trains of nominal 2.5Mtpa capacity, with expansion to higher capacities largely entailing duplication. The current Optimisation Studies are assessing economies of scale benefits that apply to increasing plant modules. For example, a single large primary crusher may service two production lines, decreasing capital and operating costs. Early-stage rejection of low-grade material: The process plant has been designed to reject low- grade material early in the flow sheet, taking advantage of high level confidence in the metallurgical and comminution performance of the ore. Early-stage rejection of gangue or low- grade material significantly reduces the downstream plant size for a given output capacity, a key capital and operating cost benefit. Additionally, the production of wet tailings is significantly reduced, a further benefit in terms of capital and operating cost, as well as improved environmental and safety outcomes. Tailings construction materials: The early-stage rejection of gangue material following grinding creates 140 micron (sand size) material for use in tailings dam construction. This use of reject material for tailings dam construction has been validated by rheology testwork and represents a significant cost reduction in incremental tailings dam construction over time with much of the raw materials required being provided by the mine and plant, reducing the need to source external materials, reducing costs and improving environmental outcomes. The Company is committed to the optimisation and de-risking of the Razorback Iron Ore Project in readiness for development. As previously communicated to the market, an update on the final go- forward position with respect to staged development and production capacity is expected in late Q1, 2023.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Mal Randall was the last independent director to join the board, commencing their role in 2006. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 12Magnetite Mines Limited, Annual General Meeting, Nov 23, 2022Magnetite Mines Limited, Annual General Meeting, Nov 23, 2022. Agenda: To consider election of directors.お知らせ • Sep 13Magnetite Mines Limited Transforms to Meet Growing High-Grade MarketMagnetite Mines Limited (MGT or the Company) announced that in response to rapidly-evolving market conditions and downstream industry feedback, it is increasing the planned production scale for the Razorback Iron Ore Project (Project) and assessing production options for high-value concentrate product streams. Accordingly, the Company's current strategy of pursuing a small-scale, lower-capital expenditure development is being refocused in favour of a larger-scale, staged development that takes full advantage of the large resource base, available infrastructure and attractive mineral processing characteristics of Braemar ores. Magnetite Mines is increasing the scale of its Razorback Iron Ore Project to meet accelerating market demand for premium iron ore products Following market feedback, the scale of the initial development is being increased to at least 5Mtpa Optimization studies are underway to investigate a range of higher-grade iron ore products, potentially including high-value Direct Reduction (DR) grade concentrates Following optimisation, a refocused DFS will be undertaken, taking advantage of all transferable outcomes from studies and work programmes completed to date The Company has enhanced its marketing, governance, technical and project capability with a range of highly-credentialled Board and leadership appointments.お知らせ • Aug 23+ 1 more updateStephen Weir to Resume as Chief Development Officer of Magnetite Mines LimitedMagnetite Mines Limited announced the appointment of Mr. Tim Dobson as Chief Executive Officer, effective from 23 August 2022, completing a process announced on April 19, 2022. Mr. Stephen Weir, who has been Acting Chief Executive Officer since April 2022, will resume his role as Chief Development Officer. Mr. Weir joined Magnetite Mines in October 2020 as Chief Development Officer, where he delivered the Razorback Iron Ore Project Pre-Feasibility Study (PFS) on time and on budget, and has advanced the Definitive Feasibility Study (DFS) currently in progress. In addition to this, he was responsible for building out the team, delivering the Expansion Study in March 2022 as well as providing strategic leadership for the business.お知らせ • Jul 22Magnetite Mines Limited Announces Positive Interim Metallurgical Test ResultsMagnetite Mines Limited announced positive interim metallurgical results confirming the Company's ability to produce high-grade concentrates with low gangue mineralogy. The testwork to date has also identified the opportunity for premium Direct Reduced Iron concentrates from the Razorback Project ores. To date, analysis incorporating the full flow sheet has produced concentrates exceeding the design specification of 67.5% iron and 4.5% Silica + Alumina, with one bulk sample producing 69.7% iron with 2.6% Silica + Alumina. This represents a very high-quality concentrate product with a low waste component which attracts premium pricing and significant demand from steelmakers for use in decarbonising steel mills. The testwork program designed and managed by global magnetite experts Hatch, is currently in progress and has been designed to verify and establish metallurgical performance of the process flow sheet and plant design. Subject to further analytical updates, the work program is a significant addition to the existing metallurgical knowledge base and incorporates leading edge analytical techniques to fully characterise and technically derisk the ore deposit for every stage of the process flow sheet. The Definitive Feasibility Study metallurgical testwork program aims to test, in detail, all steps of the Hatch designed processing flow sheet. This is being undertaken through the validation and analysis of bulk samples retrieved from all relevant geological domains, for laboratory testwork at bench to pilot plant scale. The general layout and configuration of the flow sheet follows that of the 2021 Pre-Feasibility Study1 and consists of crushing followed by dry HPGR and air classification processing for primary grinding. There is a rougher magnetic separation stage followed by ball milling and a rougher flotation circuit for a cleaning stage. A final silica rich flotation concentrate is subject to fine grinding before cleaner magnetic separation, the magnetics reporting to final concentrate. The flow sheet is conventional by modern standards and makes use of proven technologies currently installed in iron ore processing plants. The basis of design for the processing plant is to receive 15.5Mtpa ore feed to produce 2.5 to 3Mtpa high grade concentrates. This 15.5Mtpa processing line (or train) represents a single stage of the mining production and has been designed as a replicable processing line, to be duplicated with mining expansion opportunities2. The flow sheet aims to produce high grade concentrates at mass recoveries estimated at 16%, in line with the Mineral Resource estimate3 and with mine optimisation and scheduling completed to date1. Flexibility of run-of-mine (ROM) ore feed grade is considered in the design allowing the plant to maintain consistent concentrate output within operational limits. The objective of the metallurgical and processing flow sheet testwork is to achieve the cleanest concentrate possible at the coarsest grind size to reduce both capital and operating costs. Designed and managed by Hatch, the testwork has predominantly occurred at Bureau Veritas Laboratories in Adelaide with significant portions of the work undertaken in the Netherlands using vendor equipment. The DFS metallurgical testwork program represents a significant increase in the scale of metallurgical testwork completed to date. It has included pilot plant scale testwork, focused on high-pressure grinding rolls (HPGR) and air classification equipment. Sample selection and ore body representivity has been at the core of the testwork program with a dramatic increase in the number of spatially distributed samples targeting early year ore mineralisation typically associated with greater degrees of weathering and ore body complexity.お知らせ • Jul 07Magnetite Mines Limited Announces Company Secretary ChangesMagnetite Mines Limited announced the appointment of Mr. Ian Kirkham as Company Secretary, effective 20 July 2022. He will replace Mr. JohnRodriguez who was appointed as Company Secretary of the company on a temporary basis. Mr. Kirkham joined Magnetite Mines as Chief Financial Officer (CFO) in May 2022 and has extensive senior corporate governance, risk and financial management experience in ASX-listed resource companies. Prior to this, he was CFO and Company Secretary of Warrego Energy where he was integral to its listing on the ASX via a reverse takeover of Petrel Energy. Prior to that, he was CFO and Company Secretary of Eastern Star Gas. He has also held similar roles for other ASX-listed companies including Hillgrove Resources Limited, Intermet Resources Limited, Allstate Explorations N.L. and Otter Gold Mines Limited. Mr. rkham holds a Bachelor of Economics from Macquarie University. He is a Member of Chartered Accountants Australia and New Zealand (CA ANZ) and the Australian Institute of Company Directors(AICD).お知らせ • Jun 03Magnetite Mines Limited Appoints Simon Wandke as Non-Executive DirectorMagnetite Mines Limited announced the appointment of Simon Wandke as Non-Executive Director, effective immediately. Mr. Wandke is a highly-accomplished C-suite leader, with extensive global iron ore leadership, strategy, value chain and commercial experience in major resource organisations. Most recently, Mr. Wandke was Executive Vice President and Chief Executive Officer of ArcelorMittal Mining. During his tenure, Mr. Wandke played a key role in helping to drive the mining division forward to the next stage of its development as one of the largest global producers of iron ore, coking coal and other minerals. Mr. Wandke has over 40 years' experience in the mining and minerals industry, holding senior management, strategy and commercial positions internationally with a particular focus on the development of greenfield and brownfield projects, designing and implementing major change and effective commercial strategies, strategic marketing, risk management and ESG. Starting his career in 1981 at BHP Billiton, where he held a number of senior positions in Australia, Hong Kong and Indonesia and other commercial offices globally until 2002. He then joined Destra Consulting Group as Partner before becoming Chief Marketing Officer for iron ore mining and processing company Ferrexpo plc in 2006 based in Hong Kong and Switzerland. Mr. Wandke is a graduate of the Australian Institute of Company Directors with a Diploma in Company Directorship. He also holds a Graduate Diploma in Corporate Finance from Swinburne University, Australia, as well as a B.A., Psych, Marketing (Comm) from the University of Melbourne, Australia. Mr. Wandke is a citizen of the UK and Australia.お知らせ • May 30Magnetite Mines Limited Appoints Ian Kirkham as Chief Financial OfficerMagnetite Mines Limited announced the appointment of Ian Kirkham as Chief Financial Officer (CFO), commencing on 30 May 2022. Mr. Kirkham is a senior finance professional with over 25 years' experience in the mining and oil and gas industries across project development, debt and equity capital raising, financial accounting, treasury services, taxation and company secretarial. Most recently, he was CFO and Company Secretary of Warrego Energy where he was integral to its listing on ASX via a reverse takeover of Petrel Energy. Prior to that, he was CFO and Company Secretary of ASX-listed Eastern Star Gas. During his five-year tenure, the company grew from a market capitalisation of $280 million to $924 million when it was sold to Santos via a scheme of arrangement. Mr. Kirkham also gained exposure to the commercial team appraising domestic and offshore gas sales agreements and oversaw $192 million raised in equity from 4 separate transactions. He has also held similar roles for other ASX-listed companies including Hillgrove Resources Limited, Intermet Resources Limited, Allstate Explorations N.L. and Otter Gold Mines Limited. In all of these roles, he worked closely with Board and management to evaluate, finance and construct resource projects. Mr. Kirkham is a Member of Chartered Accountants Australia and New Zealand (CA ANZ) and the Australian Institute of Company Directors (AICD).お知らせ • May 20Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 15.798734 million.Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 15.798734 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 333,133,936 Price\Range: AUD 0.025 Discount Per Security: AUD 0.00025 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 298,815,440 Price\Range: AUD 0.025 Transaction Features: Rights OfferingBoard Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Mal Randall was the last independent director to join the board, commencing their role in 2006. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Executive Departure • Dec 05CFO & Company Secretary Frank DeMarte has left the companyOn the 3rd of December, Frank DeMarte's tenure as CFO & Company Secretary ended after 8.3 years in the role. As of September 2021, Frank still personally held 16.53m shares (AU$413k worth at the time). Frank is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model.お知らせ • Sep 24Magnetite Mines Limited Announces Appointment of Ghd to Razorback Definitive Feasibility StudyMagnetite Mines Limited (Magnetite Mines or the Company) announced that it has appointed leading global engineering and professional services company GHD to deliver the critical Power Supply and Non Process Infrastructure elements of the Definitive Feasibility Study (DFS) for the Razorback Iron Ore Project (Razorback). GHD's appointment follows the preparatory work for the DFS that commenced immediately after the positive Razorback Preliminary Feasibility Study results were released in July 2021. It reflects Magnetite Mines' continued strategy of appointing high calibre, well recognised companies to partner with as Razorback is developed. GHD's scope of work will include further investigation of: Off Site Infrastructure: Power Supply Haul road and rail siding Mine Site Non Process Infrastructure comprising: Administration buildings, mine accommodation camp, workshop, hardstands, maintenance facilities; Site services including provision of water, sewer, communications, power etc.; and Internal road network, car park and haul roads GHD is also contributing to the following study wide elements:· Project execution strategy· Risk Management· Capital Cost. Of these, the Power Supply to site is the most time critical and a significant start has been made. Building on the PFS where a 132KVA transmission line connecting at Robertstown is the preferred option. A LIDAR aerial survey will commence over the proposed route in October informing design and location of the Transmission Line as a precursor to commencing the necessary clearances and obtaining approval. Appointments of other key consultants and contractors to the DFS are in progress.Board Change • Aug 26Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Mal Randall was the last independent director to join the board, commencing their role in 2006. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 30Magnetite Mines Limited Announces Ore Reserve for the Razorback Iron ProjectMagnetite Mines Limited announced a maiden Ore Reserve estimate for its 100% owned South Australian Razorback Iron Project (the Project). The maiden Ore Reserve estimate for the Project has been derived from the recently updated Mineral Resources by generating schedules with an estimated tonnage and grade which, in the opinion of the Competent Person, form the basis of a technically and economically viable project, after taking account of material relevant Modifying Factors. The term `economically mineable' as used in the JORC 2012 guidelines implies that, in the judgement of the Competent Person, extraction of the Ore Reserves has been demonstrated to be both economic and viable using reasonable technical and financial assumptions. These assumptions have been provided by the Company, by various consulting and advisory groups commissioned by the company, and by Orelogy Mine Consulting and have been reviewed by the Competent Person. Studies have confirmed a mine plan and production schedule that are technically achievable and economically viable and from which the Ore Reserves are derived. Ore Reserves represent a high level of confidence in the economic extraction of Mineral Resources and are reported in preparation for the Pre-Feasibility Study results, which is presently being finalised and due imminently.Recent Insider Transactions Derivative • Jun 13Interim CEO & Executive Chairman exercised options to buy AU$355k worth of stock.On the 4th of June, Peter Schubert exercised options to buy 5m shares at a strike price of around AU$0.05, costing a total of AU$265k. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. Since June 2020, Peter's direct individual holding has increased from 85.49m shares to 100.49m. Company insiders have collectively bought AU$290k more than they sold, via options and on-market transactions, in the last 12 months.お知らせ • May 24Magnetite Mines Limited Announces Update from Razorback Iron Ore Project Mineral Resource UpgradeMagnetite Mines Limited announced a JORC Code 2012 Mineral Resource upgrade for the Razorback High Grade Iron Ore Concentrate Project This resource is separate to the previously released resources at Ironback Hill and Muster Dam. As part of the Pre-Feasibility Study (PFS), the Company has incorporated the results of refined geological understanding of mineral distribution. The re-modelling of the resources with significantly smaller block sizes was undertaken to optimise selective mining studies. Also, as a result of the re-classification of much of the near-surface weathering material from Inferred to Indicated Resource, the Company will be able to include this material as plant feed rather than waste, thus improving stripping ratios, particularly in the early years. The improved Mineral Resource estimate has increased the total tonnage of the Razorback Iron Project (JORC Indicated and Inferred) to 3.0 billion tonnes (from 2.7 billion tonnes) for the Razorback and Iron Peak deposits, which are currently the focus of the PFS. The increase in Mineral Resource tonnage, particularly at the higher confidence Indicated classification, and estimated mass recovery is the result of an improved geological dataset and studies related to an updated geological model and the near surface weathered zone, which has demonstrated amenability to mineral processing through the additional Davis Tube Recovery (DTR) testwork and geometallurgical studies. Of particular significance is the improvement in the total tonnage of Indicated Resource classification to 1.5 billion tonnes (from 1 billion tonnes). Indicated Mineral Resources are part of a Mineral Resource for which quantity, grade, density, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. The Mineral Resource estimate of 1.5 billion tonnes at Indicated classification is therefore critical to ore reserve estimation mine planning and optimisation studies which are currently the focus of PFS assessments. The increase in mass recovery in the new Mineral Resource model has positive implications for mineral processing. Global mass recovery for the deposits has increased to 15.8% (from 15.3%), with Razorback deposit now 15.6% and Iron Peak now at 16.9%. The mass recovery improvement should lead to better overall concentrate recovery during processing.お知らせ • May 18Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 7.008 million.Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 7.008 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 120,827,586 Price\Range: AUD 0.058 Discount Per Security: AUD 0.00116 Transaction Features: Subsequent Direct Listingお知らせ • May 07Magnetite Mines Limited announced that it expects to receive AUD 7.008 million in fundingMagnetite Mines Limited (ASX:MGT) announced a private placement to issue up to 120,827,586 fully paid ordinary shares at a price of AUD 0.058 per share for the gross proceeds of AUD 7,007,999.988 on May 7, 2021. The transaction will include participation from sophisticated and institutional investors. The transaction is expected to close on May 14, 2021.お知らせ • Mar 17Magnetite Mines Limited Names Peter Schubert as Interim Chief Executive OfficerMagnetite Mines Limited announced that Mr. Peter Schubert has been appointed as interim Chief Executive Officer (CEO). Mr. Peter Schubert has agreed to take on a role as Interim CEO of the company (in addition to his current role as Executive Chairman). Mr. Schubert was appointed Chairman on 3 September 2018 and since the departure of the previous CEO in September 2018, the Board has temporarily undertaken the responsibilities of the position of CEO. In the last 18 months, the Company, led by Mr. Schubert and the Board, has set out a clear vision for the development of Razorback High Grade Iron Ore project, raised funds to progress the PFS programme and has seen a significant revaluation of the business. In view of this progress and the central contribution by Mr. Schubert, the Board has decided to appoint Mr. Schubert as Interim CEO in addition to his role as Executive Chairman with effect from 1 January 2021. It is intended that Mr. Schubert will continue to act in this role during the study and financing phases of Razorback High Grade Iron Ore project development. It is proposed that Mr. Schubert's existing executive employment contract be changed to reflect his additional role and responsibilities, as well as his contribution to the success of the Company.お知らせ • Mar 16Magnetite Mines Limited Names Mark Eames as Technical DirectorMagnetite Mines Limited announced that Mr. Mark Eames has been appointed as the Technical Director. Mr. Mark Eames will take on the role of Technical Director of the Company (previously, Mr. Eames worked as Non-Executive Director and provided consulting services to the Company). Mr. Eames, as an experienced mining executive, has been providing consulting services to the Company since May 2019 and was responsible for leading the Scoping Study in that year, which led to the PFS that is currently underway. He was appointed a non-executive director in March 2020. The Board considers that Mr. Eames has made a material contribution to the direction of the Company and is pleased that Mr. Eames is prepared to formalise his role in a suitable employment arrangement as the Technical Director. This will secure his services for the current development programme and allow Mr. Eames to provide leadership and technical direction to the PFS team.お知らせ • Dec 18+ 1 more updateMagnetite Mines Limited Appoints Stephen Weir as Chief Development OfficerMagnetite Mines Limited announced the appointment of Stephen Weir to the role of Chief Development Officer. Most recently Stephen was Managing Director at RFC Ambrian where he provided corporate finance advice over a twenty-year period to clients in the mining and energy sectors. Weir has initially been retained on a consulting arrangement and will work alongside the Company's General Manager of Geology, Trevor Thomas, who will continue to lead the technical parts of the PFS workstreams.お知らせ • Oct 07Magnetite Mines Limited Enters into Agreement with NextOre Pty LtdMagnetite Mines Limited announce it has entered in to an agreement with NextOre Pty Ltd. to supply a mobile bulk ore sorting plant using a Magnetic Resonance (MR) sensor for a trial of the technology to the Razorback High Grade Iron Ore Project (Razorback Project). This advances exclusive partnership with NextOre and is an important step in journey to unlocking the potential of the Razorback Project. The Company is excited by the potential of the NextOre technology to enhance processing of by 'pre-concentrating' run of mine ore feed to increase plant head grade. The NextOre agreement includes a non-refundable deposit of $100,000 and contemplates further, staged payments of $700,000. The scope of the agreement covers supply of a full-scale mobile ore sorting plant to site at the Razorback Project for sorting magnetite ore using MR technology during the trial period for the purpose of mine feasibility analysis. The agreement includes milestone dates, with the equipment despatch from the CSIRO Lucas Heights facility in 2021.お知らせ • Aug 12Magnetite Mines Limited announced that it has received AUD 0.075 million in fundingOn April 28, 2020, Magnetite Mines Limited (ASX:MGT) closed the transaction.株主還元MGTAU Metals and MiningAU 市場7D6.9%-5.9%-0.4%1Y-73.0%51.6%2.9%株主還元を見る業界別リターン: MGT過去 1 年間で51.6 % の収益を上げたAustralian Metals and Mining業界を下回りました。リターン対市場: MGTは、過去 1 年間で2.9 % のリターンを上げたAustralian市場を下回りました。価格変動Is MGT's price volatile compared to industry and market?MGT volatilityMGT Average Weekly Movement11.3%Metals and Mining Industry Average Movement12.2%Market Average Movement10.5%10% most volatile stocks in AU Market17.5%10% least volatile stocks in AU Market4.4%安定した株価: MGT 、 Australian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: MGTの 週次ボラティリティ ( 11% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2004n/aTim Dobsonmagnetitemines.comマグネタイト・マインズ社（Magnetite Mines Limited）は、南オーストラリア州で鉱区の探鉱に従事している。同社の主要プロジェクトは、南オーストラリア州アデレードに位置するレイザーバック鉱床とアイアンピーク鉱床を含むレイザーバック鉄鉱石プロジェクトである。以前はロイヤル・リソーシズ社（Royal Resources Limited）として知られていたが、2015年12月にマグネタイト・マインズ社（Magnetite Mines Limited）に社名変更した。Magnetite Mines Limitedは2004年に法人化され、オーストラリアのアデレードを拠点としている。もっと見るMagnetite Mines Limited 基礎のまとめMagnetite Mines の収益と売上を時価総額と比較するとどうか。MGT 基礎統計学時価総額AU$7.04m収益（TTM）-AU$3.88m売上高(TTM)AU$301.00Over9,999xP/Sレシオ-1.8xPER（株価収益率MGT は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計MGT 損益計算書（TTM）収益AU$301.00売上原価AU$0売上総利益AU$301.00その他の費用AU$3.88m収益-AU$3.88m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-0.017グロス・マージン100.00%純利益率-1,287,382.39%有利子負債／自己資本比率6.0%MGT の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 02:18終値2026/05/22 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Magnetite Mines Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Mar 03Magnetite Mines Limited has filed a Follow-on Equity Offering.Magnetite Mines Limited has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Price\Range: AUD 0.04 Transaction Features: Rights Offering
お知らせ • Oct 28Magnetite Mines Limited, Annual General Meeting, Nov 26, 2025Magnetite Mines Limited, Annual General Meeting, Nov 26, 2025. Location: in the torrens room 1, hotel grand chancellor, 65 hindley street, adelaide Australia
分析記事 • Oct 01Does Magnetite Mines (ASX:MGT) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Sep 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 82% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m (AU$226k revenue, or US$148k). Market cap is less than US$10m (AU$11.7m market cap, or US$7.67m).
New Risk • Aug 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$261k revenue, or US$170k). Market cap is less than US$10m (AU$14.7m market cap, or US$9.54m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding).
お知らせ • Aug 08Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.65 million.Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.65 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,692,308 Price\Range: AUD 0.065 Discount Per Security: AUD 0.0039 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,076,923 Price\Range: AUD 0.065 Discount Per Security: AUD 0.00065 Security Features: Attached Options Transaction Features: Rights Offering
お知らせ • Mar 03Magnetite Mines Limited has filed a Follow-on Equity Offering.Magnetite Mines Limited has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Price\Range: AUD 0.04 Transaction Features: Rights Offering
お知らせ • Oct 28Magnetite Mines Limited, Annual General Meeting, Nov 26, 2025Magnetite Mines Limited, Annual General Meeting, Nov 26, 2025. Location: in the torrens room 1, hotel grand chancellor, 65 hindley street, adelaide Australia
分析記事 • Oct 01Does Magnetite Mines (ASX:MGT) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Sep 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 82% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m (AU$226k revenue, or US$148k). Market cap is less than US$10m (AU$11.7m market cap, or US$7.67m).
New Risk • Aug 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$261k revenue, or US$170k). Market cap is less than US$10m (AU$14.7m market cap, or US$9.54m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding).
お知らせ • Aug 08Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.65 million.Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.65 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,692,308 Price\Range: AUD 0.065 Discount Per Security: AUD 0.0039 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,076,923 Price\Range: AUD 0.065 Discount Per Security: AUD 0.00065 Security Features: Attached Options Transaction Features: Rights Offering
New Risk • Mar 18New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$6.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.2m free cash flow). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$261k revenue, or US$166k). Market cap is less than US$10m (AU$12.8m market cap, or US$8.16m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding).
お知らせ • Feb 07+ 1 more updateMagnetite Mines Limited Announces Resignation of Simon Smith as Chief Financial Officer, Effective 7 March 2025Magnetite Mines Limited announced that Chief Financial Officer, Mr. Simon Smith has resigned from the Company, effective 7 March 2025.
New Risk • Dec 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m (AU$214k revenue, or US$136k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$16.1m market cap, or US$10.3m).
New Risk • Nov 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m (AU$214k revenue, or US$139k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$16.7m market cap, or US$10.8m).
New Risk • Nov 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: AU$13.8m (US$9.06m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m (AU$214k revenue, or US$140k). Market cap is less than US$10m (AU$13.8m market cap, or US$9.06m).
お知らせ • Oct 29Magnetite Mines Limited Announces Resignation of Jim Mckerlie as DirectorMagnetite Mines Limited advised that Mr. Jim McKerlie will resign as a Non-Executive Director at the Company's upcoming Annual General Meeting (AGM) due to personal commitments and other business interests. Mr. McKerlie joined the Board in January 2022 as a Non-Executive Director. He then served as Chair of the Board from September 2023 to September 2024 before transitioning back to a Non-Executive Director role.
New Risk • Oct 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m (AU$372k revenue, or US$255k). Minor Risk Market cap is less than US$100m (AU$21.3m market cap, or US$14.6m).
New Risk • Sep 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$236k revenue, or US$161k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (AU$18.4m market cap, or US$12.5m).
お知らせ • Sep 03Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 4.1 million.Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 4.1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,000,000 Price\Range: AUD 0.2 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,500,000 Price\Range: AUD 0.2 Discount Per Security: AUD 0.002 Security Features: Attached Options Transaction Features: Rights Offering
お知らせ • Jun 21Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 5.085792 million.Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 5.085792 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,405,781 Price\Range: AUD 0.31 Transaction Features: Rights Offering
New Risk • Jun 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.7m free cash flow). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$236k revenue, or US$157k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$38.4m market cap, or US$25.5m).
New Risk • Mar 09New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$8.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.7m free cash flow). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$186k revenue, or US$123k). Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$26.6m market cap, or US$17.6m).
New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (AU$213k revenue, or US$139k). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$31.0m market cap, or US$20.3m).
New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$14m free cash flow). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (AU$213k revenue, or US$136k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$29.2m market cap, or US$18.6m).
お知らせ • Oct 23Magnetite Mines Limited, Annual General Meeting, Nov 23, 2023Magnetite Mines Limited, Annual General Meeting, Nov 23, 2023, at 10:00 Cen. Australia Standard Time. Location: David Spence Room Adelaide Town Hall, 128 King William Street, Adelaide Adelaide Australia Agenda: To consider the Non-Binding Resolution to adopt Remuneration Report; to consider the Election of Dr. Carmen Letton as a Director; to consider the Approval to issue Performance Rights and Options to Chief Executive Officer, Tim Dobson; to consider the Approval of Additional 10% Placement Capacity; to consider the Board Spill Meeting Resolution; and to consider other matters.
New Risk • Sep 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$17m free cash flow). Earnings have declined by 6.1% per year over the past 5 years. Revenue is less than US$1m (AU$254k revenue, or US$163k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$25.3m market cap, or US$16.3m).
New Risk • Sep 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$17m free cash flow). Earnings have declined by 6.1% per year over the past 5 years. Revenue is less than US$1m (AU$254k revenue, or US$162k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$27.3m market cap, or US$17.4m).
お知らせ • Jul 06Magnetite Mines Limited Announces the Appointment of Simon Smith as Chief Financial Officer, Commencing September 2023Magnetite Mines Limited announced the appointment of Mr. Simon Smith as Chief Financial Officer (CFO), commencing September 2023. Simon is a highly accomplished CFO and Company Secretary with extensive experience in both ASX and TSX listed companies. He has played a pivotal role in the leadership and strategic direction of growth-driven companies, effectively driving their financial success. Simon has successfully led the execution of capital raisings totalling over AUD 500 million, encompassing both debt and equity financing, as well as initial public offerings (IPOs). Simon is a member of the Australian Institute of Chartered Accountants and was most recently the CFO of Energy Action Limited. Prior to that, he was CFO and Company Secretary of ASX-listed Heron Resources Limited, overseeing the $340 million project financing and commercial development of the Woodlawn Zinc Copper Mine in NSW through to full scale operations.
お知らせ • Jun 27Magnetite Mines Limited Launches Foothight Sustainability PlatformMagnetite Mines Limited launched foresight, the Company's sustainability platform driving ESG-related actions through the project study, design, delivery and operational stages. As the existing iron ore sector seeks to transition to a new future centered on sustainable practices, Magnetite Mines intends to emerge as a new producer of premium-grade iron ore to meet the demand of the decarbonizing steel industry, with a collaborative and focused sustainability culture embedded from the outset. By bringing focus to Magnetite Mines' leading ESG profile, the company can design and showcase a sustainable mining future with the objective of becoming an iron ore supplier of choice. project delivery must demonstrate pathways to net zero carbon operations, nature-positive outcomes, actions that support the building of resilient, inclusive communities and adaptive governance. adoption of, and alignment with, global standards, such as the Initiative for Responsible Mining Assurance (IRMA), will demonstrate credibility as responsible operators and support attractiveness to customers. foresight is intended to become a key identifier and differentiator for Magnetite Mines, and an essential component of the Company's strategy for engaging with project partners, financiers, regulators and other stakeholders. MGT recognizes that embedding sustainability within its business provides a significant competitive advantage and opens opportunities for new value creation. A meaningful commitment to responsible resource development across environment, social and governance (ESG) aspects can commonly deliver: reduced cost of capital, insurance, etc.; market opportunities, particularly for supply chains where product assurance is critical (i.e., ResponsibleSteel); cost efficiencies associated with sustainable practices and collaboration; efficient attraction and retention of labor; improved environmental performance and compliance outcomes; and engaged and supportive communities and stakeholders.
Recent Insider Transactions • Feb 16Non-Executive Director recently bought AU$99k worth of stockOn the 13th of February, Paul White bought around 124k shares on-market at roughly AU$0.80 per share. This transaction increased Paul's direct individual holding by 6x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$149k more in shares than they have sold in the last 12 months.
お知らせ • Feb 09+ 1 more updateMagnetite Mines Limited Announces Mineral Resource Estimate Update for the Iron Peak Deposit, and the Razorback Iron Ore ProjectThe Iron Peak sample also exhibit the lowest average bond ball work index (at 6.8kWh/t), and the lowest abrasion index (0.05), translating to lower processing costs when compared with samples from other parts of the Project resource base. The Iron Peak Deposit represents a portion of the wider Razorback Iron Ore Project Mineral Resource Estimate and lies approximately 4kms to the east of the current proposed process plant location. The updated Mineral Resource includes an increase in the quantity of material in Indicated classification (available for potential conversion to Ore Reserves) to 286 Mt, up 14% from 247 Mt. The combination of increased mass recovery and Indicated classification tonnage, along with superior metallurgical response, has positive implications for Project development as higher mass recovery enables more magnetite concentrate to be produced per tonne of plant feed. Given the deposit's historically smaller tonnage and distance from the plant, the deposit has previously featured late in mine scheduling. Based on this new information, MGT's mining consultants have commenced new pit optimisation modelling and plant feed sequencing to assess concentrate production from Iron Peak mineralisation in the initial years of the Project life. Drilling at the Iron Peak deposit commenced in October 2021 and was completed in late January 2022. Sampling of core material for resource purposes followed metallurgical sampling and was completed in mid-2022 for analysis at Bureau Veritas Laboratories. The drill program consisted of two primary drill programs: This drilling program consisted of 11 PQ diameter diamond drill holes, drilled vertically and for the purpose of metallurgical sampling. The program was designed to intersect varying lithologies across the Iron Peak deposit in both weathered and fresh domains of the resource, to represent early year plant feed. The metallurgical drill program comprised 1,393m of drilling and produced 1,326 samples for head grade (XRF and SATMAGAN) and Davis Tube Recovery (DTR - Mass Recovery) analysis. This program followed metallurgical drilling and consisted of 6 HQ diameter diamond drill holes. The drill program was designed to intersect mineralisation at Iron Peak in areas with poor drill coverage, to improve near surface resource classification and intersect prospective stratigraphy previously inaccessible due to topography (Unit A). Drill holes were orientated to intersect mineralisation near- perpendicular to the dip-angle. The shallow infill drill program comprised 519m of drilling and produced 487 samples for head grade (XRF and SATMAGAN) and Davis Tube Recovery (DTR - Mass Recovery) analysis. Drilling was undertaken with a KWL 1600H Multipurpose rig via drilling contractor Foraco. Drill site placement, geological logging and sampling was undertaken by MGT staff. Completed in parallel with Iron Peak, the Razorback Deposit Mineral Resource Estimate, which includes the Razorback Ridge and Razorback West prospects, has been updated to maintain consistency of resource estimation methodology across the deposits. Accordingly, the Razorback Deposit was subjected to the same domaining assumptions as applied to the Iron Peak Deposit, for the application of eDTR regressions to the weathering profile and fresh search domains. This resulted in a minor adjustment for this deposit with the Mineral Resource Estimate updated to 2,740Mt at 15.4% mass recovery, up from 2,580Mt at 15.6% mass recovery. In combination, the Iron Peak Mineral Resource Estimate, together with the updated Razorback Mineral Resource Estimate, form the Razorback Iron Ore Project Resource Estimate. Following this update, the Company's global Mineral Resource Estimate has increased to 5,982 Mt for a combination of Inferred and Indicated classified iron mineralisation, per JORC 2012 code and guidelines. Geological modelling and interpretation of bedding and structural geometry follows the previous Resource Estimate for the Razorback Iron Ore Project with minor wireframe updates. The initial geological interpretation was completed by independent geological consultants and updated with additional drilling data acquired during the 2021/2022 metallurgical and infill drill program. Data included in the updated interpretation included lithological, geophysical (downhole magnetic susceptibility and density logging data) and photographic data. Geological model wireframes were updated and results of the interpretation were imported into the Micromine Resource Estimation software suite by Widenbar and Associates, for block modelling and resource estimation. All data and interpretations were verified by the Company's in-house geological team.
お知らせ • Jan 25Magnetite Mines Limited Announces Appointment of Carmen Letton as Non-Executive DirectorMagnetite Mines Limited announced the appointment of Dr. Carmen Letton as Non- Executive Director, effective immediately. Dr. Letton is a mining engineer and mineral economist with over 35 years' global mining experience, holding senior leadership positions in operations, engineering, asset and business development and corporate strategy. She has particular technical expertise in open pit and underground mines across multiple commodities and the many stages of asset development. Most recently, Dr. Letton was Head of Resource Development and Life of Asset Planning (Asset Strategy Development) at Anglo American, having previously worked at BHP Billiton, Rio Tinto, Newmont, and Newcrest. Dr. Letton was selected as one of the "100 Global Inspirational Women in Mining" in 2016 and 2018 by Women in Mining UK. She holds a PhD Mineral Economics from the University of Queensland and a Bachelor of Engineering (Hon) (Mining) from the West Australian School of Mines.
お知らせ • Jan 17Magnetite Mines Limited Provides Update on Razorback Project Optimisation StudiesMagnetite Mines Limited provided a progress update on the optimisation studies commenced in September 2022 and scheduled for completion by the end of first quarter 2023. As announced on 13 September 20221, the Company refocused its Razorback Iron Ore Project (Project) development strategy in line with evolving market conditions and downstream industry feedback. A suite of optimisation studies were commenced aimed at defining the go-forward scope for a refocused DFS (Definitive Feasibility Study). The key objectives of the optimisation studies are to: Increase and optimise Stage 1 production, with a minimum 5Mtpa capacity, to enhance project economics via economies of scale, while taking advantage of the 5.7 billion tonne Project resource base; Increase Project attractiveness to potential iron and steel industry partners and customers, institutional investors, and project financiers; Access potential to re-estimate Ore Reserves as a direct result of expanded production scale; and Improve ESG credentials through enhanced concentrate specifications that support downstream iron and steelmaking decarbonisation, and potential electrification of major equipment supported by larger-scale development. The Company reported that all studies are progressing to plan, with initial AACE Class 5 engineering estimates received on time from the Company's engineering partners. A staged development philosophy has been maintained throughout, commencing with a manageable but robustly economic start-up capacity, expanding thereafter to meet market demand. Key Study outcomes achieved so far which are subject to further testing include: Plant Optimisation: Magnetite processing specialists Hatch are leading the plant optimisation studies with respect to assessing larger scale production scenarios. A key focus of these studies has been the assessment of alternative front-end crushing options and the investigation of opportunities for early-stage rejection of waste and low-grade material via dry magnetic separation. Hatch are also completing parallel studies with respect to tailings storage facility configurations, with both conventional and thickened tailings options currently being investigated.
お知らせ • Dec 22Magnetite Mines Limited Announces Peer Review Confirms Razorback Process Plant DesignMagnetite Mines Limited announce the completion of a peer review of the Razorback Iron Ore Project's (Project) process plant (Review), with outcomes confirming the feasibility of the Hatch-engineered flowsheet and plant design. With the overall objective of producing high-grade magnetite concentrate with iron grades above 67.5% Fe, the Razorback process flowsheet has been designed to process iron ores for minimum operating cost. An accompanying metallurgical testwork suite has been undertaken to de-risk the flowsheet at every stage of processing. The Review was completed by independent industry specialists with extensive magnetite processing experience. The independent technical team completed the assessment across four key areas: Process flowsheet; Equipment selection, including crushing, HPGR, milling, dewatering and filtration; Materials handling aspects; and Metallurgical results. While confirming the feasibility of the current process flowsheet and plant design, the Review also highlighted economies of scale benefits that may be realised with increased production capacity. This is in line with the Company's decision to increase the scale of Stage 1 production capacity to a minimum of 5Mtpa. In particular, scale-up opportunities were identified in the areas of stockpile reclaim and primary grinding for capacities of 5Mtpa and higher. Optimisation Studies: The Review's findings have underpinned and supported the scope of processing-focused Optimisation Studies being undertaken by the Company. These studies also reference the extensive metallurgical testwork and engineering design studies already completed and are well underway with results due in the first quarter of 2023. Key features of the process plant design and flowsheet are expected to carry over into scaled-up designs, including: Process plant feed flexibility: To accommodate anticipated ore variability from the mine during operations, the process plant has been designed to cope with a wide range of head grade and mass recovery parameters at nominal throughput rates. This feature allows the process plant to maintain throughput consistency and yield over the life of mine, addressing many of the orebody variability issues seen in West Australian magnetite processing operations. Concentrate specification flexibility: The process plant design is centred around the Razorback ore's ability to produce high-grade concentrates with a minimum 67.5% Fe concentrate specification. Metallurgical testwork results have demonstrated that higher-grade outputs are achievable for some areas of the ore body2. This feature has been adapted into the design of the process flowsheet and plant design whereby operation can be adjusted with respect to product quality in response to market conditions or customer preference, without capital-intensive plant modifications. Modular construction: The process plant design centres around single production trains of nominal 2.5Mtpa capacity, with expansion to higher capacities largely entailing duplication. The current Optimisation Studies are assessing economies of scale benefits that apply to increasing plant modules. For example, a single large primary crusher may service two production lines, decreasing capital and operating costs. Early-stage rejection of low-grade material: The process plant has been designed to reject low- grade material early in the flow sheet, taking advantage of high level confidence in the metallurgical and comminution performance of the ore. Early-stage rejection of gangue or low- grade material significantly reduces the downstream plant size for a given output capacity, a key capital and operating cost benefit. Additionally, the production of wet tailings is significantly reduced, a further benefit in terms of capital and operating cost, as well as improved environmental and safety outcomes. Tailings construction materials: The early-stage rejection of gangue material following grinding creates 140 micron (sand size) material for use in tailings dam construction. This use of reject material for tailings dam construction has been validated by rheology testwork and represents a significant cost reduction in incremental tailings dam construction over time with much of the raw materials required being provided by the mine and plant, reducing the need to source external materials, reducing costs and improving environmental outcomes. The Company is committed to the optimisation and de-risking of the Razorback Iron Ore Project in readiness for development. As previously communicated to the market, an update on the final go- forward position with respect to staged development and production capacity is expected in late Q1, 2023.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Mal Randall was the last independent director to join the board, commencing their role in 2006. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 12Magnetite Mines Limited, Annual General Meeting, Nov 23, 2022Magnetite Mines Limited, Annual General Meeting, Nov 23, 2022. Agenda: To consider election of directors.
お知らせ • Sep 13Magnetite Mines Limited Transforms to Meet Growing High-Grade MarketMagnetite Mines Limited (MGT or the Company) announced that in response to rapidly-evolving market conditions and downstream industry feedback, it is increasing the planned production scale for the Razorback Iron Ore Project (Project) and assessing production options for high-value concentrate product streams. Accordingly, the Company's current strategy of pursuing a small-scale, lower-capital expenditure development is being refocused in favour of a larger-scale, staged development that takes full advantage of the large resource base, available infrastructure and attractive mineral processing characteristics of Braemar ores. Magnetite Mines is increasing the scale of its Razorback Iron Ore Project to meet accelerating market demand for premium iron ore products Following market feedback, the scale of the initial development is being increased to at least 5Mtpa Optimization studies are underway to investigate a range of higher-grade iron ore products, potentially including high-value Direct Reduction (DR) grade concentrates Following optimisation, a refocused DFS will be undertaken, taking advantage of all transferable outcomes from studies and work programmes completed to date The Company has enhanced its marketing, governance, technical and project capability with a range of highly-credentialled Board and leadership appointments.
お知らせ • Aug 23+ 1 more updateStephen Weir to Resume as Chief Development Officer of Magnetite Mines LimitedMagnetite Mines Limited announced the appointment of Mr. Tim Dobson as Chief Executive Officer, effective from 23 August 2022, completing a process announced on April 19, 2022. Mr. Stephen Weir, who has been Acting Chief Executive Officer since April 2022, will resume his role as Chief Development Officer. Mr. Weir joined Magnetite Mines in October 2020 as Chief Development Officer, where he delivered the Razorback Iron Ore Project Pre-Feasibility Study (PFS) on time and on budget, and has advanced the Definitive Feasibility Study (DFS) currently in progress. In addition to this, he was responsible for building out the team, delivering the Expansion Study in March 2022 as well as providing strategic leadership for the business.
お知らせ • Jul 22Magnetite Mines Limited Announces Positive Interim Metallurgical Test ResultsMagnetite Mines Limited announced positive interim metallurgical results confirming the Company's ability to produce high-grade concentrates with low gangue mineralogy. The testwork to date has also identified the opportunity for premium Direct Reduced Iron concentrates from the Razorback Project ores. To date, analysis incorporating the full flow sheet has produced concentrates exceeding the design specification of 67.5% iron and 4.5% Silica + Alumina, with one bulk sample producing 69.7% iron with 2.6% Silica + Alumina. This represents a very high-quality concentrate product with a low waste component which attracts premium pricing and significant demand from steelmakers for use in decarbonising steel mills. The testwork program designed and managed by global magnetite experts Hatch, is currently in progress and has been designed to verify and establish metallurgical performance of the process flow sheet and plant design. Subject to further analytical updates, the work program is a significant addition to the existing metallurgical knowledge base and incorporates leading edge analytical techniques to fully characterise and technically derisk the ore deposit for every stage of the process flow sheet. The Definitive Feasibility Study metallurgical testwork program aims to test, in detail, all steps of the Hatch designed processing flow sheet. This is being undertaken through the validation and analysis of bulk samples retrieved from all relevant geological domains, for laboratory testwork at bench to pilot plant scale. The general layout and configuration of the flow sheet follows that of the 2021 Pre-Feasibility Study1 and consists of crushing followed by dry HPGR and air classification processing for primary grinding. There is a rougher magnetic separation stage followed by ball milling and a rougher flotation circuit for a cleaning stage. A final silica rich flotation concentrate is subject to fine grinding before cleaner magnetic separation, the magnetics reporting to final concentrate. The flow sheet is conventional by modern standards and makes use of proven technologies currently installed in iron ore processing plants. The basis of design for the processing plant is to receive 15.5Mtpa ore feed to produce 2.5 to 3Mtpa high grade concentrates. This 15.5Mtpa processing line (or train) represents a single stage of the mining production and has been designed as a replicable processing line, to be duplicated with mining expansion opportunities2. The flow sheet aims to produce high grade concentrates at mass recoveries estimated at 16%, in line with the Mineral Resource estimate3 and with mine optimisation and scheduling completed to date1. Flexibility of run-of-mine (ROM) ore feed grade is considered in the design allowing the plant to maintain consistent concentrate output within operational limits. The objective of the metallurgical and processing flow sheet testwork is to achieve the cleanest concentrate possible at the coarsest grind size to reduce both capital and operating costs. Designed and managed by Hatch, the testwork has predominantly occurred at Bureau Veritas Laboratories in Adelaide with significant portions of the work undertaken in the Netherlands using vendor equipment. The DFS metallurgical testwork program represents a significant increase in the scale of metallurgical testwork completed to date. It has included pilot plant scale testwork, focused on high-pressure grinding rolls (HPGR) and air classification equipment. Sample selection and ore body representivity has been at the core of the testwork program with a dramatic increase in the number of spatially distributed samples targeting early year ore mineralisation typically associated with greater degrees of weathering and ore body complexity.
お知らせ • Jul 07Magnetite Mines Limited Announces Company Secretary ChangesMagnetite Mines Limited announced the appointment of Mr. Ian Kirkham as Company Secretary, effective 20 July 2022. He will replace Mr. JohnRodriguez who was appointed as Company Secretary of the company on a temporary basis. Mr. Kirkham joined Magnetite Mines as Chief Financial Officer (CFO) in May 2022 and has extensive senior corporate governance, risk and financial management experience in ASX-listed resource companies. Prior to this, he was CFO and Company Secretary of Warrego Energy where he was integral to its listing on the ASX via a reverse takeover of Petrel Energy. Prior to that, he was CFO and Company Secretary of Eastern Star Gas. He has also held similar roles for other ASX-listed companies including Hillgrove Resources Limited, Intermet Resources Limited, Allstate Explorations N.L. and Otter Gold Mines Limited. Mr. rkham holds a Bachelor of Economics from Macquarie University. He is a Member of Chartered Accountants Australia and New Zealand (CA ANZ) and the Australian Institute of Company Directors(AICD).
お知らせ • Jun 03Magnetite Mines Limited Appoints Simon Wandke as Non-Executive DirectorMagnetite Mines Limited announced the appointment of Simon Wandke as Non-Executive Director, effective immediately. Mr. Wandke is a highly-accomplished C-suite leader, with extensive global iron ore leadership, strategy, value chain and commercial experience in major resource organisations. Most recently, Mr. Wandke was Executive Vice President and Chief Executive Officer of ArcelorMittal Mining. During his tenure, Mr. Wandke played a key role in helping to drive the mining division forward to the next stage of its development as one of the largest global producers of iron ore, coking coal and other minerals. Mr. Wandke has over 40 years' experience in the mining and minerals industry, holding senior management, strategy and commercial positions internationally with a particular focus on the development of greenfield and brownfield projects, designing and implementing major change and effective commercial strategies, strategic marketing, risk management and ESG. Starting his career in 1981 at BHP Billiton, where he held a number of senior positions in Australia, Hong Kong and Indonesia and other commercial offices globally until 2002. He then joined Destra Consulting Group as Partner before becoming Chief Marketing Officer for iron ore mining and processing company Ferrexpo plc in 2006 based in Hong Kong and Switzerland. Mr. Wandke is a graduate of the Australian Institute of Company Directors with a Diploma in Company Directorship. He also holds a Graduate Diploma in Corporate Finance from Swinburne University, Australia, as well as a B.A., Psych, Marketing (Comm) from the University of Melbourne, Australia. Mr. Wandke is a citizen of the UK and Australia.
お知らせ • May 30Magnetite Mines Limited Appoints Ian Kirkham as Chief Financial OfficerMagnetite Mines Limited announced the appointment of Ian Kirkham as Chief Financial Officer (CFO), commencing on 30 May 2022. Mr. Kirkham is a senior finance professional with over 25 years' experience in the mining and oil and gas industries across project development, debt and equity capital raising, financial accounting, treasury services, taxation and company secretarial. Most recently, he was CFO and Company Secretary of Warrego Energy where he was integral to its listing on ASX via a reverse takeover of Petrel Energy. Prior to that, he was CFO and Company Secretary of ASX-listed Eastern Star Gas. During his five-year tenure, the company grew from a market capitalisation of $280 million to $924 million when it was sold to Santos via a scheme of arrangement. Mr. Kirkham also gained exposure to the commercial team appraising domestic and offshore gas sales agreements and oversaw $192 million raised in equity from 4 separate transactions. He has also held similar roles for other ASX-listed companies including Hillgrove Resources Limited, Intermet Resources Limited, Allstate Explorations N.L. and Otter Gold Mines Limited. In all of these roles, he worked closely with Board and management to evaluate, finance and construct resource projects. Mr. Kirkham is a Member of Chartered Accountants Australia and New Zealand (CA ANZ) and the Australian Institute of Company Directors (AICD).
お知らせ • May 20Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 15.798734 million.Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 15.798734 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 333,133,936 Price\Range: AUD 0.025 Discount Per Security: AUD 0.00025 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 298,815,440 Price\Range: AUD 0.025 Transaction Features: Rights Offering
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Mal Randall was the last independent director to join the board, commencing their role in 2006. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Executive Departure • Dec 05CFO & Company Secretary Frank DeMarte has left the companyOn the 3rd of December, Frank DeMarte's tenure as CFO & Company Secretary ended after 8.3 years in the role. As of September 2021, Frank still personally held 16.53m shares (AU$413k worth at the time). Frank is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model.
お知らせ • Sep 24Magnetite Mines Limited Announces Appointment of Ghd to Razorback Definitive Feasibility StudyMagnetite Mines Limited (Magnetite Mines or the Company) announced that it has appointed leading global engineering and professional services company GHD to deliver the critical Power Supply and Non Process Infrastructure elements of the Definitive Feasibility Study (DFS) for the Razorback Iron Ore Project (Razorback). GHD's appointment follows the preparatory work for the DFS that commenced immediately after the positive Razorback Preliminary Feasibility Study results were released in July 2021. It reflects Magnetite Mines' continued strategy of appointing high calibre, well recognised companies to partner with as Razorback is developed. GHD's scope of work will include further investigation of: Off Site Infrastructure: Power Supply Haul road and rail siding Mine Site Non Process Infrastructure comprising: Administration buildings, mine accommodation camp, workshop, hardstands, maintenance facilities; Site services including provision of water, sewer, communications, power etc.; and Internal road network, car park and haul roads GHD is also contributing to the following study wide elements:· Project execution strategy· Risk Management· Capital Cost. Of these, the Power Supply to site is the most time critical and a significant start has been made. Building on the PFS where a 132KVA transmission line connecting at Robertstown is the preferred option. A LIDAR aerial survey will commence over the proposed route in October informing design and location of the Transmission Line as a precursor to commencing the necessary clearances and obtaining approval. Appointments of other key consultants and contractors to the DFS are in progress.
Board Change • Aug 26Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Mal Randall was the last independent director to join the board, commencing their role in 2006. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 30Magnetite Mines Limited Announces Ore Reserve for the Razorback Iron ProjectMagnetite Mines Limited announced a maiden Ore Reserve estimate for its 100% owned South Australian Razorback Iron Project (the Project). The maiden Ore Reserve estimate for the Project has been derived from the recently updated Mineral Resources by generating schedules with an estimated tonnage and grade which, in the opinion of the Competent Person, form the basis of a technically and economically viable project, after taking account of material relevant Modifying Factors. The term `economically mineable' as used in the JORC 2012 guidelines implies that, in the judgement of the Competent Person, extraction of the Ore Reserves has been demonstrated to be both economic and viable using reasonable technical and financial assumptions. These assumptions have been provided by the Company, by various consulting and advisory groups commissioned by the company, and by Orelogy Mine Consulting and have been reviewed by the Competent Person. Studies have confirmed a mine plan and production schedule that are technically achievable and economically viable and from which the Ore Reserves are derived. Ore Reserves represent a high level of confidence in the economic extraction of Mineral Resources and are reported in preparation for the Pre-Feasibility Study results, which is presently being finalised and due imminently.
Recent Insider Transactions Derivative • Jun 13Interim CEO & Executive Chairman exercised options to buy AU$355k worth of stock.On the 4th of June, Peter Schubert exercised options to buy 5m shares at a strike price of around AU$0.05, costing a total of AU$265k. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. Since June 2020, Peter's direct individual holding has increased from 85.49m shares to 100.49m. Company insiders have collectively bought AU$290k more than they sold, via options and on-market transactions, in the last 12 months.
お知らせ • May 24Magnetite Mines Limited Announces Update from Razorback Iron Ore Project Mineral Resource UpgradeMagnetite Mines Limited announced a JORC Code 2012 Mineral Resource upgrade for the Razorback High Grade Iron Ore Concentrate Project This resource is separate to the previously released resources at Ironback Hill and Muster Dam. As part of the Pre-Feasibility Study (PFS), the Company has incorporated the results of refined geological understanding of mineral distribution. The re-modelling of the resources with significantly smaller block sizes was undertaken to optimise selective mining studies. Also, as a result of the re-classification of much of the near-surface weathering material from Inferred to Indicated Resource, the Company will be able to include this material as plant feed rather than waste, thus improving stripping ratios, particularly in the early years. The improved Mineral Resource estimate has increased the total tonnage of the Razorback Iron Project (JORC Indicated and Inferred) to 3.0 billion tonnes (from 2.7 billion tonnes) for the Razorback and Iron Peak deposits, which are currently the focus of the PFS. The increase in Mineral Resource tonnage, particularly at the higher confidence Indicated classification, and estimated mass recovery is the result of an improved geological dataset and studies related to an updated geological model and the near surface weathered zone, which has demonstrated amenability to mineral processing through the additional Davis Tube Recovery (DTR) testwork and geometallurgical studies. Of particular significance is the improvement in the total tonnage of Indicated Resource classification to 1.5 billion tonnes (from 1 billion tonnes). Indicated Mineral Resources are part of a Mineral Resource for which quantity, grade, density, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. The Mineral Resource estimate of 1.5 billion tonnes at Indicated classification is therefore critical to ore reserve estimation mine planning and optimisation studies which are currently the focus of PFS assessments. The increase in mass recovery in the new Mineral Resource model has positive implications for mineral processing. Global mass recovery for the deposits has increased to 15.8% (from 15.3%), with Razorback deposit now 15.6% and Iron Peak now at 16.9%. The mass recovery improvement should lead to better overall concentrate recovery during processing.
お知らせ • May 18Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 7.008 million.Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 7.008 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 120,827,586 Price\Range: AUD 0.058 Discount Per Security: AUD 0.00116 Transaction Features: Subsequent Direct Listing
お知らせ • May 07Magnetite Mines Limited announced that it expects to receive AUD 7.008 million in fundingMagnetite Mines Limited (ASX:MGT) announced a private placement to issue up to 120,827,586 fully paid ordinary shares at a price of AUD 0.058 per share for the gross proceeds of AUD 7,007,999.988 on May 7, 2021. The transaction will include participation from sophisticated and institutional investors. The transaction is expected to close on May 14, 2021.
お知らせ • Mar 17Magnetite Mines Limited Names Peter Schubert as Interim Chief Executive OfficerMagnetite Mines Limited announced that Mr. Peter Schubert has been appointed as interim Chief Executive Officer (CEO). Mr. Peter Schubert has agreed to take on a role as Interim CEO of the company (in addition to his current role as Executive Chairman). Mr. Schubert was appointed Chairman on 3 September 2018 and since the departure of the previous CEO in September 2018, the Board has temporarily undertaken the responsibilities of the position of CEO. In the last 18 months, the Company, led by Mr. Schubert and the Board, has set out a clear vision for the development of Razorback High Grade Iron Ore project, raised funds to progress the PFS programme and has seen a significant revaluation of the business. In view of this progress and the central contribution by Mr. Schubert, the Board has decided to appoint Mr. Schubert as Interim CEO in addition to his role as Executive Chairman with effect from 1 January 2021. It is intended that Mr. Schubert will continue to act in this role during the study and financing phases of Razorback High Grade Iron Ore project development. It is proposed that Mr. Schubert's existing executive employment contract be changed to reflect his additional role and responsibilities, as well as his contribution to the success of the Company.
お知らせ • Mar 16Magnetite Mines Limited Names Mark Eames as Technical DirectorMagnetite Mines Limited announced that Mr. Mark Eames has been appointed as the Technical Director. Mr. Mark Eames will take on the role of Technical Director of the Company (previously, Mr. Eames worked as Non-Executive Director and provided consulting services to the Company). Mr. Eames, as an experienced mining executive, has been providing consulting services to the Company since May 2019 and was responsible for leading the Scoping Study in that year, which led to the PFS that is currently underway. He was appointed a non-executive director in March 2020. The Board considers that Mr. Eames has made a material contribution to the direction of the Company and is pleased that Mr. Eames is prepared to formalise his role in a suitable employment arrangement as the Technical Director. This will secure his services for the current development programme and allow Mr. Eames to provide leadership and technical direction to the PFS team.
お知らせ • Dec 18+ 1 more updateMagnetite Mines Limited Appoints Stephen Weir as Chief Development OfficerMagnetite Mines Limited announced the appointment of Stephen Weir to the role of Chief Development Officer. Most recently Stephen was Managing Director at RFC Ambrian where he provided corporate finance advice over a twenty-year period to clients in the mining and energy sectors. Weir has initially been retained on a consulting arrangement and will work alongside the Company's General Manager of Geology, Trevor Thomas, who will continue to lead the technical parts of the PFS workstreams.
お知らせ • Oct 07Magnetite Mines Limited Enters into Agreement with NextOre Pty LtdMagnetite Mines Limited announce it has entered in to an agreement with NextOre Pty Ltd. to supply a mobile bulk ore sorting plant using a Magnetic Resonance (MR) sensor for a trial of the technology to the Razorback High Grade Iron Ore Project (Razorback Project). This advances exclusive partnership with NextOre and is an important step in journey to unlocking the potential of the Razorback Project. The Company is excited by the potential of the NextOre technology to enhance processing of by 'pre-concentrating' run of mine ore feed to increase plant head grade. The NextOre agreement includes a non-refundable deposit of $100,000 and contemplates further, staged payments of $700,000. The scope of the agreement covers supply of a full-scale mobile ore sorting plant to site at the Razorback Project for sorting magnetite ore using MR technology during the trial period for the purpose of mine feasibility analysis. The agreement includes milestone dates, with the equipment despatch from the CSIRO Lucas Heights facility in 2021.
お知らせ • Aug 12Magnetite Mines Limited announced that it has received AUD 0.075 million in fundingOn April 28, 2020, Magnetite Mines Limited (ASX:MGT) closed the transaction.
