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Magnetite Mines MGT.AX · AUD

Materials · ASX · 🇦🇺 Australia

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0.01

0.00%

Close of 9 Nov 2026, in AUD

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Magnetite Mines — daily ASX:MGT

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Market value
A$1.4m
Last close × shares
Volume
2m
Shares, 9 Nov 2026

About Magnetite Mines

Its shares trade on ASX under the ticker MGT.AX. It has been listed since 6 April 2006. In the fiscal year to 30 June 2025, it reported revenue of A$1,223 and a net loss of A$4.2m. At that date it held total assets of A$41.3m and shareholders' equity of A$37.0m.

Magnetite Mines Ltd. operates as mineral exploration company, which explores and develops mineral properties. The company is headquartered in Adelaide, South Australia. The company went IPO on 2006-04-06. The firm is focused on the development of magnetite iron ore resources in the highly prospective Braemar iron region of South Australia. Its projects include Razorback Iron Ore Project and Muster Dam Iron Ore Project. The Razorback Iron Ore Project is a magnetite iron ore deposit capable of producing a high-grade iron ore concentrate product for use in steel production. The Project is situated approximately 45 kilometers (km) from open-user rail, 120 km from the power grid and 200 km to existing deep water ports. The project consists of two magnetite iron ore deposits, the Razorback and the Ironback Hill deposits. The Muster Dam Iron Ore Project is hosted by the same Braemar Iron Formation as the Razorback Iron Ore Project. The project is located approximately 110 km to the northeast of Razorback. The firm has a total mineral resource of six billion tons of iron ore located approximately 240 km from Adelaide.

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What is Magnetite Mines's ticker?

Magnetite Mines trades as MGT.AX on ASX, under ISIN AU000000MGT5.

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0.01 on 9 Nov 2026. The figure is in AUD and is never converted.

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