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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% | |
50 Neutral | AU$51.15M | -11.33 | -15.50% | ― | ― | 3.79% | |
49 Neutral | AU$20.35M | -8.64 | -6.61% | ― | ― | ― | |
45 Neutral | AU$14.74M | -5.48 | -14.33% | ― | ― | ― | |
45 Neutral | AU$16.96M | -3.60 | -40.27% | ― | ― | -114.29% | |
44 Neutral | AU$11.76M | -1.66 | -11.34% | ― | ― | 34.89% | |
41 Neutral | AU$44.97M | -6.76 | -5.81% | ― | -67.81% | -244.10% |
Magnetite Mines Limited Corporate Events
Magnetite Mines has secured the Braemar Creek Exploration Licence EL7100 in South Australia, a 227 square kilometre tenement located immediately adjacent to the company’s Ironback Hill rare earths prospect and magnetite deposit. The licence consolidates the company’s position in the Braemar Iron Region by capturing key downstream drainage corridors interpreted to be related to the clay-hosted REE mineralisation at Ironback Hill, giving Magnetite Mines strategic exploration optionality for potential rare earth extensions while it continues to prioritise development of the Razorback Iron Ore Project.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
Magnetite Mines Limited has updated the market on changes to its capital structure, confirming that 600,000 options with an exercise price of A$0.915, expiring on 15 December 2025 under the code MGTAM, have lapsed unexercised. The expiry of these options slightly reduces the company’s pool of potential dilutive securities and may marginally simplify its capital base, though it does not directly affect current issued shares or ongoing operations.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
Magnetite Mines has updated its strategic partnering approach for the Razorback Iron Ore Project, shifting its focus toward jurisdictions and counterparties that are advancing steel decarbonisation with greater urgency and clearer policy, capital and execution frameworks. The company’s non-binding Heads of Agreement with JFE Shoji Australia will lapse at the end of 2025, though JFE Shoji continues to acknowledge Razorback’s strategic value and remains open to future collaboration, while a renewed memorandum of understanding with ZEN Energy will see the parties jointly assess a green iron production opportunity in South Australia with Magnetite Mines as the key long-term raw material supplier. The announcement underscores Razorback’s potential role as a globally significant DR-grade magnetite project in emerging low-emissions steelmaking pathways, and reflects a deliberate pivot to align with regions and partners most likely to fund, certify and offtake green iron products as global decarbonisation policies and technologies evolve.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
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.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
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.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
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.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
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.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
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.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
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.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
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.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
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.