Highlights
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Magnetite Mines is increasing the scale of its flagship Razorback Iron Ore Project to meet accelerating market demand for premium iron ore products
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Following market feedback, the scale of the initial development is being increased to at least 5Mtpa
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Optimisation studies are underway to investigate a range of higher-grade iron ore products, potentially including high-value Direct Reduction (DR) grade concentrates
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Following optimisation, a refocused DFS will be undertaken, taking advantage of all transferable outcomes from studies and work programmes completed to date
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The Company has enhanced its marketing, governance, technical and project capability with a range of highly-credentialled Board and leadership appointments
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