Magnetite Mines Limited (ASX: MGT) has confirmed that the Mining Lease Proposal (MLP) for its 100%-owned Razorback Iron Ore Project has successfully passed the South Australian Government’s validity assessment stage, marking a major advancement in the project’s approvals pathway. The MLP functions as both the development application and the primary impact assessment under a streamlined process that satisfies State and Federal requirements. This milestone highlights the technical robustness of the proposal and reflects the company’s sustained engagement with regulators and stakeholders.
With validity confirmed, the MLP now advances to cross-agency assessment and statutory public consultation. The company noted that finalising consent agreements with overlapping tenement holders played a critical role in achieving this outcome. Submitted in March 2025, the MLP outlines planned production of 5 million tonnes of high-grade concentrate annually, supported by multiple infrastructure corridors and associated Miscellaneous Purposes Licences. As the process moves forward, the comprehensive documentation will be publicly released, and Magnetite Mines will begin its next phase of community consultation through its established foresight engagement program.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au
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Magnetite Mines Limited Razorback Mining Lease Validity Assessment Finalised
Magnetite Mines Limited (ASX: MGT) has confirmed that the Mining Lease Proposal (MLP) for its 100%-owned Razorback Iron Ore Project has successfully passed the South Australian Government’s validity assessment stage, marking a major advancement in the project’s approvals pathway. The MLP functions as both the development application and the primary impact assessment under a streamlined process that satisfies State and Federal requirements. This milestone highlights the technical robustness of the proposal and reflects the company’s sustained engagement with regulators and stakeholders.
With validity confirmed, the MLP now advances to cross-agency assessment and statutory public consultation. The company noted that finalising consent agreements with overlapping tenement holders played a critical role in achieving this outcome. Submitted in March 2025, the MLP outlines planned production of 5 million tonnes of high-grade concentrate annually, supported by multiple infrastructure corridors and associated Miscellaneous Purposes Licences. As the process moves forward, the comprehensive documentation will be publicly released, and Magnetite Mines will begin its next phase of community consultation through its established foresight engagement program.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au