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
Management Ownership – 5%
Tim Dobson, CEO B.AppScience (E.Metallurgy)