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Magnetite Mines Limited
(Sydney:MGT)
Magnetite Mines Limited (MGT) vs. iShares MSCI Australia ETF (EWA)
Magnetite Mines Limited Business Overview & Revenue Model
Magnetite Mines Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.22K | 1.22K | 214.49K | 212.59K | 195.44K | 0.00 |
| Gross Profit | 1.22K | 1.22K | 214.49K | -43.09K | 88.69K | -9.19K |
| EBITDA | -4.06M | -4.06M | -4.35M | -4.94M | -3.45M | -1.62M |
| Net Income | -4.19M | -4.19M | -4.85M | -5.33M | -3.66M | -1.73M |
Balance Sheet | ||||||
| Total Assets | 41.30M | 41.30M | 38.23M | 38.97M | 45.79M | 29.70M |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 1.49M | 1.21M | 5.13M | 19.35M | 16.59M |
| Total Debt | 3.20M | 3.20M | 117.33K | 2.42M | 2.21M | 1.98M |
| Total Liabilities | 4.31M | 4.31M | 1.38M | 3.66M | 6.44M | 2.81M |
| Stockholders Equity | 36.99M | 36.99M | 36.84M | 35.31M | 39.35M | 26.89M |
Cash Flow | ||||||
| Free Cash Flow | -5.82M | -5.82M | -7.25M | -13.86M | -12.26M | -4.31M |
| Operating Cash Flow | -2.81M | -2.81M | -3.67M | -3.87M | -2.29M | -1.13M |
| Investing Cash Flow | -2.91M | -2.91M | -3.77M | -9.98M | -10.04M | -3.17M |
| Financing Cash Flow | 5.99M | 5.99M | 3.52M | -358.20K | 15.10M | 20.06M |
Magnetite Mines Limited Technical Analysis
Magnetite Mines Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
42 Neutral | AU$5.73M | ― | -40.27% | ― | ― | -114.29% | |
41 Neutral | AU$10.17M | -1.44 | -11.34% | ― | ― | 34.89% | |
41 Neutral | AU$27.83M | -6.76 | -5.81% | ― | -67.81% | -244.10% | |
35 Underperform | AU$41.12M | -9.11 | -15.50% | ― | ― | 3.79% |
Magnetite Mines Limited Corporate Events
Magnetite Mines Limited announced a change in the director’s interest, specifically for Timothy Leigh Dobson, involving the acquisition and lapse of various securities. The changes include the issuance of unquoted options and unlisted performance rights, reflecting strategic adjustments in the company’s executive holdings, which could impact its operational strategies and stakeholder interests.
Magnetite Mines Limited has announced the issuance of unquoted equity securities as part of an employee incentive scheme. This includes 5,947,159 STI Performance Rights and 6,937,517 Unlisted LTI Options, which are subject to restrictions on transfer until certain conditions are met. This move is likely aimed at aligning employee interests with the company’s long-term growth and operational goals.
Magnetite Mines Limited has announced the issuance of new unquoted equity securities, including STI Performance Rights and Unlisted LTI Options. This move is part of the company’s strategy to incentivize and retain key personnel, potentially impacting its operational capabilities and long-term growth prospects.
Magnetite Mines Limited announced the cessation of certain securities, specifically options that have either lapsed due to unmet conditions or expired without exercise. This announcement may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
Magnetite Mines Limited has announced the issuance of 9,330,629 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code MGT. This move is part of the company’s strategy to strengthen its financial position and support its ongoing projects, potentially impacting its market presence and offering new opportunities for stakeholders.
Magnetite Mines Limited has announced the application for the quotation of 3,869,418 new securities on the Australian Securities Exchange (ASX), set to expire on March 5, 2028. This move is part of previously announced transactions and could potentially enhance the company’s financial flexibility, impacting its operations and positioning within the mining sector.
Magnetite Mines Limited has announced the quotation of 12,306,667 new securities, specifically options expiring on March 5, 2028, on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and could potentially enhance the company’s capital structure, providing it with more financial flexibility to advance its projects and strengthen its position in the iron ore market.
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.
Magnetite Mines Limited recently held its Annual General Meeting, providing a presentation that emphasized the company’s commitment to its existing production targets and financial assumptions, which remain unchanged since their initial announcement. The company reassured stakeholders that there are no new material changes to its mineral resources and ore reserves estimates, maintaining transparency and stability in its operations.
Magnetite Mines Limited, during its Annual General Meeting, highlighted significant progress in advancing the Razorback Iron Ore Project, including a partnership with JFE Shoji Australia for a feasibility study and a substantial increase in its mineral resource estimate. The company is actively seeking strategic partners and is engaged in discussions with the South Australian Government regarding infrastructure development, such as water supply and high-voltage transmission, to support the project’s growth and regional economic development.
Magnetite Mines Limited has confirmed additional near-surface rare earth element mineralisation at its Ironback Hill Project through re-assayed archived drill samples. The company plans a low-cost air-core drill program in early 2026 to further explore the spatial extent of this mineralisation and has applied for an exploration license to extend its coverage in the area. These developments align with the company’s strategy to enhance shareholder value through selective exploration of critical minerals, while maintaining a focus on its core magnetite iron ore projects.
Magnetite Mines Limited has announced that The CSL Group Inc. has joined the Green Iron SA consortium, a collaboration aimed at establishing a green iron industry in South Australia. CSL’s expertise in maritime logistics, particularly in self-unloading transhipment vessels and port infrastructure, will enhance the consortium’s capability to create a fully integrated supply chain from mine to market, complementing the existing strengths of partners like Aurizon and Flinders Port Holdings.
Magnetite Mines Limited announced the cessation of 286,071 options expiring on October 14, 2025, which were not exercised or converted. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategy and future growth potential.
Magnetite Mines Limited has made significant progress in its Razorback Iron Ore Project, continuing negotiations to secure a second strategic partner for funding the Definitive Feasibility Study. The company has also advanced its Mining Lease Proposal, reaching in-principle terms on tenement overlap agreements, and is exploring infrastructure opportunities with government support. Additionally, Magnetite Mines is actively pursuing multi-commodity exploration, identifying rare earth elements at Ironback Hill and conducting a geological review for gold and copper. The company raised $3.86 million through a rights issue and completed a convertible loan note conversion, strengthening its financial position.
Magnetite Mines Limited has announced the quotation of 350 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 28, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing projects, potentially strengthening its position in the iron ore market.
Magnetite Mines Limited has announced its 2025 Annual General Meeting (AGM) scheduled for November 26, 2025, in Adelaide. Shareholders will receive relevant documents electronically unless a physical copy is requested. The meeting will discuss the company’s business agenda, and shareholders are encouraged to review the 2025 Annual Report available on the company’s website. This AGM is an opportunity for stakeholders to engage with the company’s strategic direction and operational updates.
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.
Magnetite Mines Limited has announced a change in the interest of its director, Paul White, who has acquired 221,300 fully paid ordinary shares issued in lieu of director fees for the period from July 1, 2025, to September 30, 2025. This acquisition reflects a strategic decision to compensate the director through equity, potentially aligning his interests more closely with those of the shareholders and indicating confidence in the company’s future prospects.
Magnetite Mines Limited has announced the quotation of 319,655 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 10, 2025. This move is part of an employee incentive scheme and reflects the company’s ongoing efforts to enhance its market presence and operational capabilities, potentially impacting its industry positioning and stakeholder interests.
Magnetite Mines Limited has released its Corporate Governance Statement for 2025, detailing its adherence to the ASX Corporate Governance Principles and Recommendations. The company has implemented a comprehensive governance framework, including various policies and procedures to ensure transparency and accountability. While the company actively promotes diversity, it acknowledges challenges in setting measurable gender diversity objectives due to its size and operational scale. The statement highlights the company’s commitment to ethical practices and continuous improvement in governance.
Magnetite Mines Limited has released its annual report for the year ending June 30, 2025. The report includes a comprehensive overview of the company’s financial performance, operational activities, and governance practices. Key highlights include a detailed review of operations, financial statements, and reports from the chair and various committees. This release provides stakeholders with insights into the company’s strategic direction and financial health, which may influence its market positioning and future growth prospects.
Magnetite Mines Limited announced a change in the director’s interest, with Paul White acquiring additional securities through a rights issue. This change reflects an increase in White’s holdings, which may indicate confidence in the company’s future prospects and could impact stakeholder perceptions positively.