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Magnetite Mines Limited ( (AU:MGT) ) has provided an update.
Magnetite Mines Limited announced the resignation of CFO and co-Company Secretary Mr. Simon Smith, effective March 7, 2025. Ms. Inthu Siva will take over as Company Secretary while continuing her financial responsibilities. The company also engaged Mr. Mark McManus to support strategic partnerships for the Razorback Iron Ore Project, leveraging his extensive experience in the iron ore industry.
More about Magnetite Mines Limited
Magnetite Mines Ltd is an ASX-listed iron ore company focused on developing magnetite iron ore resources in the Braemar iron region of South Australia. The company is working on the Razorback Iron Ore Project to meet the increasing demand for premium iron ore products driven by the decarbonization of the iron and steel sector.
YTD Price Performance: -12.50%
Average Trading Volume: 118,193
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.23M
Find detailed analytics on MGT stock on TipRanks’ Stock Analysis page.