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Magnetite Mines Limited ( (AU:MGT) ) has provided an update.
Magnetite Mines Limited announced that all resolutions at its 2025 Annual General Meeting were passed with the required majority, indicating strong shareholder support. This outcome potentially strengthens the company’s strategic initiatives, including the development of the Razorback Iron Ore Project, and enhances its market position as a supplier of premium iron ore products.
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 substantial mineral resource of 6 billion tonnes and is advancing the Razorback Iron Ore Project to supply high-grade iron ore products, aligning with the steel sector’s decarbonization efforts.
Average Trading Volume: 555,773
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.61M
Find detailed analytics on MGT stock on TipRanks’ Stock Analysis page.