MGT: Annual Report to shareholders
Original announcement by asx on
- Company
- Magnetite Mines Limited
- Ticker
- MGT
- Exchange
- ASX
- Region
- South Australia
- Primary commodity
- Iron ore
- Secondary commodities
- Rare earth elements, Neodymium oxide, Gold, Copper, Silver, Silicon dioxide, Aluminium oxide, Phosphorus, Loss on ignition, Magnetite
- Document categories
- Resource update, Capital raise, Other, Drill results
- Extracted
- 2026-09-30 07:21:10 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Magnetite Mines Limited's 2026 Annual Report highlights a strategic reset and capital raising efforts to advance its Razorback Iron Ore Project amidst evolving market conditions. The company secured Major Project Status for Razorback and is evaluating a more capital-efficient development pathway. While new, early-stage rare earth element drill results from Ironback Hill are encouraging, the reported iron ore resource estimates are re-statements of previous announcements, indicating low novelty for the main project.
Reasoning: The annual report details a strategic reset and capital raises to navigate challenging market conditions for its flagship Razorback Iron Ore Project, which is positive for project viability but indicates financial pressure. While new REE drill results are encouraging, the primary iron ore resource estimates are re-statements of prior announcements, limiting novelty.
Positive factors
- Major Project Status awarded for Razorback Iron Ore Project
- Maiden air-core drilling confirmed shallow clay-hosted REE mineralisation at Ironback Hill
- Capital raising initiatives completed to support ongoing activities
- Strategic reset implemented to pursue a more capital-efficient development pathway for Razorback
Negative factors
- Resource estimates are re-statements of prior announcements, indicating low novelty
- Strategic reset and cost reductions highlight financial pressures and challenges in previous development pathway
- Ongoing need for capital raises and funding flexibility
- High percentage of inferred resources in global estimate
- True widths not known for REE drill intercepts
- Presence of penalty elements (P, SiO2, Al2O3) in iron ore resources
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 57
Classification and evidence
Stale Data Re-releasenegative · Story-specific tag
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The resource estimates are explicitly stated as re-statements of prior announcements, with no new material information.
Evidence · text
“The Company confirms that it is not aware of any new information or data that materially affects the information included in the market announcements on 9 June 2023, 30 June 2025 and 4 September 2026, and in the case of estimates of Mineral Resources and Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The drill results for rare earth elements are reported as downhole lengths with true widths not known.
Evidence · text
“All intercepts are reported as downhole lengths; true widths are not known.”
Deleterious Elements Presentnegative · Story-specific tag
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: The iron ore resource tables include phosphorus (P), silicon dioxide (SiO2), and aluminium oxide (Al2O3) as grade components, which are common penalty elements or impurities in iron ore.
Evidence · table
“P %”
Context: Fe %
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the reported global mineral resource is classified as Inferred, indicating lower geological confidence.
Evidence · table
“INFERRED”
Context: 1,864
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The rare earth element results are from a maiden air-core drilling program, establishing initial mineralization.
Evidence · text
“Maiden air-core drilling at Ironback Hill confirmed shallow clay-hosted rare earth element mineralisation”
Capital Raiseneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The company completed several capital raising initiatives during the financial year.
Evidence · text
“During FY2026, the Company completed capital raising initiatives totalling approximately $5.0 million before costs”
Extracted facts
Stored fact records: 57. Some facts used in scoring do not have a stored record.
Drill Results (2)
PLAC0001Ironback Hill REE · rare_earth_elementsGrade: 380Grade Unit: ppmIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- PLAC0001
- Project
- Ironback Hill REE
- Commodity
- rare_earth_elements
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- MGT
Geometry
- Grade
- 380
- Grade Unit
- ppm
- Intercept
- 4 m
- From
- 4 m
- To
- 8 m
- Intercept Depth
- 4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- PLAC0001:4-8
QA/QC
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 350
- Cutoff Unit
- ppm TREO
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This rare earth element intercept from maiden air-core drilling confirms mineralization at Ironback Hill.
Positive factors
- Rare earth element intercept
- Maiden drilling confirms mineralization
Negative factors
- Early stage exploration
- True width not known
Evidence · text
“4m @ 380ppm TREO (66ppm Nd2O3) from 4m to 8m in PLAC0001”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The document states 'All intercepts are reported as downhole lengths; true widths are not known.'
Evidence · text
“All intercepts are reported as downhole lengths; true widths are not known.”
PLAC0001Ironback Hill REE · neodymium_oxideGrade: 66Grade Unit: ppmIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- PLAC0001
- Project
- Ironback Hill REE
- Commodity
- neodymium_oxide
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- MGT
Geometry
- Grade
- 66
- Grade Unit
- ppm
- Intercept
- 4 m
- From
- 4 m
- To
- 8 m
- Intercept Depth
- 4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- PLAC0001:4-8
QA/QC
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 350
- Cutoff Unit
- ppm TREO
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This neodymium oxide intercept from maiden air-core drilling confirms mineralization at Ironback Hill.
Positive factors
- Neodymium oxide intercept
- Maiden drilling confirms mineralization
Negative factors
- Early stage exploration
- True width not known
Evidence · text
“4m @ 380ppm TREO (66ppm Nd2O3) from 4m to 8m in PLAC0001”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The document states 'All intercepts are reported as downhole lengths; true widths are not known.'
Evidence · text
“All intercepts are reported as downhole lengths; true widths are not known.”
Resource Estimates (55)
inferredIron Peak · iron_oreTonnes: 263000000Grade: 16.74Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1916be994cdb9fb67079
Resource Data
- Category
- inferred
- Tonnes
- 263000000
- Grade
- 16.74
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“16.74”
Context: 263
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredIron Peak · silicon_dioxideTonnes: 263000000Grade: 49.26Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1916be994cdb9fb67079
Resource Data
- Category
- inferred
- Tonnes
- 263000000
- Grade
- 49.26
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“49.26”
Context: 263
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredIron Peak · aluminium_oxideTonnes: 263000000Grade: 8.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- aluminium_oxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1916be994cdb9fb67079
Resource Data
- Category
- inferred
- Tonnes
- 263000000
- Grade
- 8.5
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“8.50”
Context: 263
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredIron Peak · phosphorusTonnes: 263000000Grade: 0.15Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- phosphorus
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1916be994cdb9fb67079
Resource Data
- Category
- inferred
- Tonnes
- 263000000
- Grade
- 0.15
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“0.15”
Context: 263
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredIron Peak · loss_on_ignitionTonnes: 263000000Grade: 6.03Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- loss_on_ignition
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1916be994cdb9fb67079
Resource Data
- Category
- inferred
- Tonnes
- 263000000
- Grade
- 6.03
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“6.03”
Context: 263
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredIron Peak · magnetiteTonnes: 263000000Grade: 14.33Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- magnetite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1916be994cdb9fb67079
Resource Data
- Category
- inferred
- Tonnes
- 263000000
- Grade
- 14.33
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“14.33”
Context: 263
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedIron Peak · iron_oreTonnes: 344000000Grade: 17.63Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:25d147561732a39969ca
Resource Data
- Category
- indicated
- Tonnes
- 344000000
- Grade
- 17.63
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.63”
Context: 344
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedIron Peak · silicon_dioxideTonnes: 344000000Grade: 48.57Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:25d147561732a39969ca
Resource Data
- Category
- indicated
- Tonnes
- 344000000
- Grade
- 48.57
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“48.57”
Context: 344
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedIron Peak · aluminium_oxideTonnes: 344000000Grade: 8.33Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- aluminium_oxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:25d147561732a39969ca
Resource Data
- Category
- indicated
- Tonnes
- 344000000
- Grade
- 8.33
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“8.33”
Context: 344
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedIron Peak · phosphorusTonnes: 344000000Grade: 0.16Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- phosphorus
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:25d147561732a39969ca
Resource Data
- Category
- indicated
- Tonnes
- 344000000
- Grade
- 0.16
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“0.16”
Context: 344
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedIron Peak · loss_on_ignitionTonnes: 344000000Grade: 5.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- loss_on_ignition
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:25d147561732a39969ca
Resource Data
- Category
- indicated
- Tonnes
- 344000000
- Grade
- 5.9
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“5.90”
Context: 344
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedIron Peak · magnetiteTonnes: 344000000Grade: 14.77Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Iron Peak
- Commodity
- magnetite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:25d147561732a39969ca
Resource Data
- Category
- indicated
- Tonnes
- 344000000
- Grade
- 14.77
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“14.77”
Context: 344
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback · iron_oreTonnes: 1601000000Grade: 17.07Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:697928579ad06172980f
Resource Data
- Category
- inferred
- Tonnes
- 1601000000
- Grade
- 17.07
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.07”
Context: 1,601
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback · silicon_dioxideTonnes: 1601000000Grade: 49.28Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:697928579ad06172980f
Resource Data
- Category
- inferred
- Tonnes
- 1601000000
- Grade
- 49.28
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“49.28”
Context: 1,601
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback · aluminium_oxideTonnes: 1601000000Grade: 8.36Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- aluminium_oxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:697928579ad06172980f
Resource Data
- Category
- inferred
- Tonnes
- 1601000000
- Grade
- 8.36
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“8.36”
Context: 1,601
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback · phosphorusTonnes: 1601000000Grade: 0.18Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- phosphorus
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:697928579ad06172980f
Resource Data
- Category
- inferred
- Tonnes
- 1601000000
- Grade
- 0.18
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“0.18”
Context: 1,601
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback · loss_on_ignitionTonnes: 1601000000Grade: 5.56Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- loss_on_ignition
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:697928579ad06172980f
Resource Data
- Category
- inferred
- Tonnes
- 1601000000
- Grade
- 5.56
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“5.56”
Context: 1,601
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback · magnetiteTonnes: 1601000000Grade: 14.48Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- magnetite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:697928579ad06172980f
Resource Data
- Category
- inferred
- Tonnes
- 1601000000
- Grade
- 14.48
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“14.48”
Context: 1,601
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback · iron_oreTonnes: 1629000000Grade: 17.78Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3bd59b5046e00a869a9e
Resource Data
- Category
- indicated
- Tonnes
- 1629000000
- Grade
- 17.78
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.78”
Context: 1,629
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback · silicon_dioxideTonnes: 1629000000Grade: 48.59Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3bd59b5046e00a869a9e
Resource Data
- Category
- indicated
- Tonnes
- 1629000000
- Grade
- 48.59
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“48.59”
Context: 1,629
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback · aluminium_oxideTonnes: 1629000000Grade: 8.16Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- aluminium_oxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3bd59b5046e00a869a9e
Resource Data
- Category
- indicated
- Tonnes
- 1629000000
- Grade
- 8.16
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“8.16”
Context: 1,629
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback · phosphorusTonnes: 1629000000Grade: 0.18Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- phosphorus
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3bd59b5046e00a869a9e
Resource Data
- Category
- indicated
- Tonnes
- 1629000000
- Grade
- 0.18
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“0.18”
Context: 1,629
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback · loss_on_ignitionTonnes: 1629000000Grade: 5.48Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- loss_on_ignition
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3bd59b5046e00a869a9e
Resource Data
- Category
- indicated
- Tonnes
- 1629000000
- Grade
- 5.48
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“5.48”
Context: 1,629
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback · magnetiteTonnes: 1629000000Grade: 13.88Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback
- Commodity
- magnetite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3bd59b5046e00a869a9e
Resource Data
- Category
- indicated
- Tonnes
- 1629000000
- Grade
- 13.88
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“13.88”
Context: 1,629
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore Project · iron_oreTonnes: 1864000000Grade: 17.02Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:79e9ea404feb475e848f
Resource Data
- Category
- inferred
- Tonnes
- 1864000000
- Grade
- 17.02
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.02”
Context: 1,864
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore Project · silicon_dioxideTonnes: 1864000000Grade: 49.28Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:79e9ea404feb475e848f
Resource Data
- Category
- inferred
- Tonnes
- 1864000000
- Grade
- 49.28
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“49.28”
Context: 1,864
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore Project · aluminium_oxideTonnes: 1864000000Grade: 8.38Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- aluminium_oxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:79e9ea404feb475e848f
Resource Data
- Category
- inferred
- Tonnes
- 1864000000
- Grade
- 8.38
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“8.38”
Context: 1,864
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore Project · phosphorusTonnes: 1864000000Grade: 0.18Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- phosphorus
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:79e9ea404feb475e848f
Resource Data
- Category
- inferred
- Tonnes
- 1864000000
- Grade
- 0.18
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“0.18”
Context: 1,864
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore Project · loss_on_ignitionTonnes: 1864000000Grade: 5.63Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- loss_on_ignition
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:79e9ea404feb475e848f
Resource Data
- Category
- inferred
- Tonnes
- 1864000000
- Grade
- 5.63
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“5.63”
Context: 1,864
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore Project · magnetiteTonnes: 1864000000Grade: 14.46Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- magnetite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:79e9ea404feb475e848f
Resource Data
- Category
- inferred
- Tonnes
- 1864000000
- Grade
- 14.46
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“14.46”
Context: 1,864
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback Iron Ore Project · iron_oreTonnes: 1973000000Grade: 17.75Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:91b81f21951070e6739e
Resource Data
- Category
- indicated
- Tonnes
- 1973000000
- Grade
- 17.75
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.75”
Context: 1,973
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback Iron Ore Project · silicon_dioxideTonnes: 1973000000Grade: 48.59Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:91b81f21951070e6739e
Resource Data
- Category
- indicated
- Tonnes
- 1973000000
- Grade
- 48.59
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“48.59”
Context: 1,973
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback Iron Ore Project · aluminium_oxideTonnes: 1973000000Grade: 8.19Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- aluminium_oxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:91b81f21951070e6739e
Resource Data
- Category
- indicated
- Tonnes
- 1973000000
- Grade
- 8.19
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“8.19”
Context: 1,973
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback Iron Ore Project · phosphorusTonnes: 1973000000Grade: 0.18Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- phosphorus
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:91b81f21951070e6739e
Resource Data
- Category
- indicated
- Tonnes
- 1973000000
- Grade
- 0.18
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“0.18”
Context: 1,973
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback Iron Ore Project · loss_on_ignitionTonnes: 1973000000Grade: 5.55Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- loss_on_ignition
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:91b81f21951070e6739e
Resource Data
- Category
- indicated
- Tonnes
- 1973000000
- Grade
- 5.55
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“5.55”
Context: 1,973
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback Iron Ore Project · magnetiteTonnes: 1973000000Grade: 14.04Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore Project
- Commodity
- magnetite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:91b81f21951070e6739e
Resource Data
- Category
- indicated
- Tonnes
- 1973000000
- Grade
- 14.04
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“14.04”
Context: 1,973
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredIronback Hill · iron_oreTonnes: 1187000000Grade: 23.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ironback Hill
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9909f5cb2f7b1da409a5
Resource Data
- Category
- inferred
- Tonnes
- 1187000000
- Grade
- 23.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-11-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-11-20T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“23.20”
Context: 1,187
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.9 years before this release
inferredIronback Hill · silicon_dioxideTonnes: 1187000000Grade: 44.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ironback Hill
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9909f5cb2f7b1da409a5
Resource Data
- Category
- inferred
- Tonnes
- 1187000000
- Grade
- 44.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-11-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-11-20T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“44.40”
Context: 1,187
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.9 years before this release
inferredIronback Hill · aluminium_oxideTonnes: 1187000000Grade: 7.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ironback Hill
- Commodity
- aluminium_oxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9909f5cb2f7b1da409a5
Resource Data
- Category
- inferred
- Tonnes
- 1187000000
- Grade
- 7.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-11-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-11-20T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“7.20”
Context: 1,187
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.9 years before this release
inferredIronback Hill · phosphorusTonnes: 1187000000Grade: 0.21Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ironback Hill
- Commodity
- phosphorus
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9909f5cb2f7b1da409a5
Resource Data
- Category
- inferred
- Tonnes
- 1187000000
- Grade
- 0.21
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-11-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-11-20T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“0.21”
Context: 1,187
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.9 years before this release
inferredIronback Hill · loss_on_ignitionTonnes: 1187000000Grade: 5.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ironback Hill
- Commodity
- loss_on_ignition
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9909f5cb2f7b1da409a5
Resource Data
- Category
- inferred
- Tonnes
- 1187000000
- Grade
- 5.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-11-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-11-20T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“5.40”
Context: 1,187
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.9 years before this release
inferredIronback Hill · magnetiteTonnes: 1187000000Grade: 12.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ironback Hill
- Commodity
- magnetite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9909f5cb2f7b1da409a5
Resource Data
- Category
- inferred
- Tonnes
- 1187000000
- Grade
- 12.9
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-11-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-11-20T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“12.90”
Context: 1,187
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.9 years before this release
inferredMuster Dam Iron Project · iron_oreTonnes: 1550000000Grade: 18.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muster Dam Iron Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ba5445d9c20cf915d1ee
Resource Data
- Category
- inferred
- Tonnes
- 1550000000
- Grade
- 18.7
- Grade Unit
- %
- Cutoff Grade
- 15.2
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2022-11-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-03T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“18.70”
Context: 1,550
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.9 years before this release
inferredMuster Dam Iron Project · silicon_dioxideTonnes: 1550000000Grade: 49.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muster Dam Iron Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ba5445d9c20cf915d1ee
Resource Data
- Category
- inferred
- Tonnes
- 1550000000
- Grade
- 49.6
- Grade Unit
- %
- Cutoff Grade
- 15.2
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2022-11-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-03T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“49.60”
Context: 1,550
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.9 years before this release
inferredMuster Dam Iron Project · aluminium_oxideTonnes: 1550000000Grade: 8.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muster Dam Iron Project
- Commodity
- aluminium_oxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ba5445d9c20cf915d1ee
Resource Data
- Category
- inferred
- Tonnes
- 1550000000
- Grade
- 8.8
- Grade Unit
- %
- Cutoff Grade
- 15.2
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2022-11-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-03T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“8.80”
Context: 1,550
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.9 years before this release
inferredMuster Dam Iron Project · phosphorusTonnes: 1550000000Grade: 0.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muster Dam Iron Project
- Commodity
- phosphorus
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ba5445d9c20cf915d1ee
Resource Data
- Category
- inferred
- Tonnes
- 1550000000
- Grade
- 0.2
- Grade Unit
- %
- Cutoff Grade
- 15.2
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2022-11-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-03T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“0.20”
Context: 1,550
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.9 years before this release
inferredMuster Dam Iron Project · loss_on_ignitionTonnes: 1550000000Grade: 2.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Muster Dam Iron Project
- Commodity
- loss_on_ignition
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ba5445d9c20cf915d1ee
Resource Data
- Category
- inferred
- Tonnes
- 1550000000
- Grade
- 2.8
- Grade Unit
- %
- Cutoff Grade
- 15.2
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2022-11-03
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-03T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty.
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“2.80”
Context: 1,550
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.9 years before this release
Fact 48View all detailsHide details
Identity
- Ticker
- MGT
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Capital raises provided necessary working capital but highlight the company's ongoing funding requirements.
Positive factors
- Secured funding for ongoing operations
Negative factors
- Indicates ongoing need for capital
Evidence · text
“a further $1.15 million renounceable rights issue in April 2026”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore · iron_oreTonnes: 263000000Grade: 16.74Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:2ca1354e86ca4c15f9f3
Resource Data
- Category
- inferred
- Tonnes
- 263000000
- Grade
- 16.74
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“16.74”
Context: 263
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback Iron Ore · iron_oreTonnes: 344000000Grade: 17.63Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:71d8c5b450eedbe2ba7a
Resource Data
- Category
- indicated
- Tonnes
- 344000000
- Grade
- 17.63
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.63”
Context: 344
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore · iron_oreTonnes: 607000000Grade: 17.24Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d48ff5d450752ac3756c
Resource Data
- Category
- inferred
- Tonnes
- 607000000
- Grade
- 17.24
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.24”
Context: 607
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore · iron_oreTonnes: 1601000000Grade: 17.07Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8c7f4cd32bb3418500e7
Resource Data
- Category
- inferred
- Tonnes
- 1601000000
- Grade
- 17.07
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.07”
Context: 1,601
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRazorback Iron Ore · iron_oreTonnes: 1629000000Grade: 17.78Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8791a521c3082a2a9104
Resource Data
- Category
- indicated
- Tonnes
- 1629000000
- Grade
- 17.78
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant indicated resource estimate, indicating large tonnage but low novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.78”
Context: 1,629
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore · iron_oreTonnes: 3230000000Grade: 17.43Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5c3e01329920daad45c0
Resource Data
- Category
- inferred
- Tonnes
- 3230000000
- Grade
- 17.43
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.43”
Context: 3,230
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRazorback Iron Ore · iron_oreTonnes: 3837000000Grade: 17.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Razorback Iron Ore
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- MGT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:6e28128a8c6d268ffc5f
Resource Data
- Category
- inferred
- Tonnes
- 3837000000
- Grade
- 17.4
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % eDTR
Prior Estimate
- Resource Date
- 2025-06-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-06-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a re-statement of a previously announced JORC-compliant inferred resource estimate, indicating large tonnage but low novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Large tonnage
Negative factors
- Re-statement of prior estimate
- High inferred component
- Presence of penalty elements (SiO2, Al2O3, P)
Evidence · table
“17.40”
Context: 3,837
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.