Magnetite Mines to support green steel markets with Razorback ore

Mar 01, 2023

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Magnetite Mines Ltd (ASX:MGT) CEO Tim Dobson is back with Proactive to detail a rigorous test-work program on ore from the Razorback Iron Ore Project in South Australia. The campaign took samples from across the Razorback tenure, proving that Magnetite can produce Direct Reduction pellet feed (DR Grade) products for green steel markets. Demand for DR Grade feed is expected to increase more than fivefold by 2050 as decarbonisation initiatives come to the fore, and Magnetite says its recent test-work fully endorses a move to definitive feasibility work.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

href="mailto:jonathan@proactiveinvestors.com">jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/magnetite-mines-to-support-green-steel-markets-with-razorback-ore-596181503