Magnetite Mines secures approvals for Ironback Hill drilling

Magnetite Mines has secured each required permits and approvals, on with practice clearances, for the archetypal signifier of drilling astatine its afloat owned Ironback Hill uncommon world constituent (REE) task successful South Australia.

This task is located adjacent the Razorback Iron Ore Project.

Drilling contractors person been engaged and operations are acceptable to commencement wrong the coming week.

The planned drilling volition impact up to 2,000m of aircore drilling to research the grade and geological controls of antecedently identified clay-hosted REE mineralisation.

This mineralisation was initially discovered done a reassessment of archived robust ore drilling samples.

The fieldwork is expected to past astir 10 days, with illustration assay results targeted wrong six to 8 weeks, contingent connected laboratory processing times.

The Ironback Hill REE task is situated wrong exploration licence (EL) 6126 successful the Braemar Iron Region astir 250km north-east of Adelaide.

In August 2025, Magnetite Mines announced the find of REE mineralisation astatine Ironback Hill successful historical drill samples.

Further investigating led to the announcement of further REE findings successful November 2025.

Magnetite Mines managing manager Tim Dobson said: “The Ironback Hill REE task is an emerging uncommon world imaginable discovered by Magnetite Mines’ geologists past year, with archetypal results indicating further prospectivity for clay-hosed uncommon world mineralisation.

“The find was initially identified via the re-assay of archived robust ore drilling samples and the intent of this programme is to find if the uncommon earths mineralisation extends beyond the historical drilling country arsenic good arsenic the geological controls that govern the section occurrence of REEs.

“As antecedently disclosed, drill investigating of this imaginable is afloat aligned with the company’s strategy to make semipermanent shareholder worth done a disciplined, multi-commodity exploration attack crossed its important South Australian tenement portfolio, portion continuing to prioritise the improvement of our flagship Razorback Iron Ore Project.”

In February 2024, Magnetite Mines signed a memorandum of knowing with Port Pirie Regional Council, a section authorities country successful South Australia, to make Port Pirie into a aboriginal hub for greenish robust production.

"Magnetite Mines secures approvals for Ironback Hill drilling" was primitively created and published by Mining Technology, a GlobalData owned brand.

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