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Magnetite Mines Limited ( (AU:MGT) ) has shared an announcement.
Magnetite Mines Limited announced the late lodgement of Appendix 3Y, detailing changes in director’s interests due to an administrative oversight. The company issued 214,948 fully paid ordinary shares to directors Paul White and Simon Wandke as part of their remuneration, following shareholder approval. The company assures stakeholders that this was an isolated incident and maintains confidence in its compliance processes with ASX listing rules.
More about Magnetite Mines Limited
Magnetite Mines Ltd is an ASX-listed company specializing in the development of magnetite iron ore resources in South Australia’s Braemar iron region. The company owns a 100% stake in a 6 billion tonne iron ore mineral resource and is advancing the Razorback Iron Ore Project to supply premium iron ore products for the decarbonizing iron and steel sector.
Average Trading Volume: 98,845
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$13.91M
For an in-depth examination of MGT stock, go to TipRanks’ Stock Analysis page.