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Magnetite Mines Limited ( (AU:MGT) ) has provided an announcement.
The Green Iron SA consortium, which includes Magnetite Mines, has completed a high-level engineering assessment that maps out a potential iron ore export pathway at Port Pirie, running from train arrival through to ship loading at Flinders Ports’ Berth 7. The concept is built around using existing industrial land, port infrastructure and transport corridors to enable iron ore concentrate exports as a precursor to future pellet and green iron production.
The proposed configuration is designed to limit community impacts by focusing on dust and noise mitigation, minimising road-rail conflicts, and incorporating covered storage and sealed conveyor systems. All consortium members have endorsed continued work on the Port Pirie export concept, subject to more detailed technical and economic studies, regulatory approvals and ongoing stakeholder engagement, signalling a coordinated push to advance South Australia’s green iron supply chain.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
More about Magnetite Mines Limited
Magnetite Mines Limited is an Australian iron ore developer focused on producing high-grade magnetite concentrate and related downstream products. Through participation in initiatives such as the Green Iron SA consortium, the company is targeting export pathways and future value-added processing, including pellets and green iron, to serve decarbonising steel markets.
Average Trading Volume: 621,874
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.76M
See more data about MGT stock on TipRanks’ Stock Analysis page.