Magnetite Mines


Primary ticker: ASX:MGT
Stage of development:  Development
Primary minerals: Iron ore
Project to promote: Razorback Iron Ore Project
Project location: The Braemar, South Australia
Corporate presentation: Click here

Magnetite Mines is an ASX-listed iron ore company (ASX:MGT) focused on the development of magnetite iron ore resources in the highly-prospective Braemar iron region of South Australia.

The Company has a total mineral resource of 5.7 billion tonnes of iron ore including 473 million tonnes of Probable Ore Reserves located 240km from Adelaide – 100% owned by Magnetite Mines.

Cash: AUD 19.3M

Major Shareholders:
Management Ownership – 5%

Management Profile

Tim Dobson, CEO B.AppScience (E.Metallurgy)

  • Over 30 years in senior international roles in the mining industry
  • Track record of developing, operating and transforming mining projects
  • Held various CEO and senior executive roles internationally and in Australia