Iron Road Ltd reported its September 2026 quarterly activities, noting the commencement of RC drilling at the TAU-A target with assays pending. The company saw a major shareholder exit and the announced retirement of CEO Larry Ingle, while maintaining a cash balance of $1.21 million.
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.
Magnetite Mines Limited (MGT) is conducting a capital raise of up to $1.5 million to advance its Razorback Iron Ore Project. The presentation highlights the project's massive scale, including 6.6 billion tonnes of resources and 2.0 billion tonnes of reserves, and a new development strategy focusing on saline water processing and higher-grade mining in early years.
