* Magnetite Mines has been formally granted the Muster Dam tenement (EL6746) by the South Australian Department for Energy and Mines
* Muster Dam is hosted in the same Braemar Iron Formation as the Company’s flagship Razorback Iron Ore Project leading to potential processing flow sheet and infrastructure synergies
* The Company plans to assess and develop any iron ore opportunities available at the tenement in parallel with the Razorback Iron Ore Project
* Muster Dam offers a new growth and development opportunity for Magnetite Mines and is a natural complement to the large Razorback Iron Ore Project
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