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Magnetite Mines Limited ( (AU:MGT) ) has shared an announcement.
Magnetite Mines Limited announced a change in director’s interest involving an off-market transfer of 300,000 fully paid ordinary shares by Mr. Tim Dobson between related holdings, with no change in beneficial ownership. This administrative update is part of the company’s routine disclosures and does not impact its strategic direction or operations, but it ensures transparency and compliance 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 needed for the decarbonization of the iron and steel sector, aiming to produce high-value Direct Reduction grade concentrates.
Average Trading Volume: 734,877
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$12.08M
For a thorough assessment of MGT stock, go to TipRanks’ Stock Analysis page.