Magnetite Mines details top holders of new MGTOG quoted options

Magnetite Mines Limited ( (AU:MGT) ) has provided an announcement.

Magnetite Mines Limited has released details of the top 20 holders and distribution schedule for its new class of quoted options, trading under the code MGTOG and exercisable at $0.08 by 1 October 2028. The disclosure follows the company’s recent application for quotation of these securities and provides greater transparency around the concentration of holdings among key investors.

The largest single option holder controls 16.68% of the MGTOG class, with several institutional and nominee investors also featuring prominently on the register. The new options expand Magnetite Mines’ equity structure and may support future funding flexibility as it advances the Razorback Iron Ore Project and broader critical minerals portfolio in South Australia.

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 ASX-listed iron ore company focused on developing magnetite resources in South Australia’s Braemar Iron Formation. The company owns a 6.6 billion tonne iron ore Mineral Resource and is advancing the Razorback Iron Ore Project near Adelaide, which is designed to produce premium direct reduction-grade concentrate for lower-emissions steelmaking. Magnetite Mines also holds a South Australian tenement portfolio prospective for rare earth elements, copper, silver and gold, providing exposure to critical minerals aligned with global electrification and decarbonisation trends.

Average Trading Volume: 650,296

Technical Sentiment Signal: Sell

Current Market Cap: A$11.17M

For detailed information about MGT stock, go to TipRanks’ Stock Analysis page.