Description: Magnetite Mines Limited, formerly Royal Resources Limited, is a mineral exploration and development company, with South Australian Mawson Iron Project, which contains the Razorback magnetite deposit. The Mawson Iron Project is located approximately 250 kilometers north-northeast (NNE) of Adelaide, South Australia, and covers tracts of prospective Braemar Iron Formation. The Mawson Iron Project consists of over five exploration licenses owned by the Company, including EL5432, EL4811, EL5240 and EL5180, and cover the Razorback deposit and its extensions while EL4842 is exclusively optioned to the Company for iron ore exploration and development. It is focused on the development of the Razorback Deposit, which comprises the Razorback Ridge, Razorback West, Interzone and Iron Peak orebodies. The Braemar Iron Formation is the host rock to magnetite mineralization on the project. Its Ironback Hill Prospect occurs on EL5180 and is over 12 kilometers south-southwest of Razorback Ridge.
Home Page: www.magnetitemines.com
MGT Technical Analysis
22 Greenhill Road
Wayville,
SA
5034
Australia
Phone:
61 8 8427 0516
Officers
| Name | Title |
|---|---|
| Mr. Ian Bruce Kirkham A.Aus.I.M.M., CA, Ec. | Company Sec. & CFO |
| Mr. Peter James Schubert | Non-Exec. Director |
| Mr. Timothy Dobson BAppSc, GAICD, MAusIMM | Chief Exec. Officer |
| Gemma Brosnan | Gen. Mang. of External Affairs |
| Allan Kane | GM of Sustainability |
Exchange: AU
Country: AU : Australia
Currency: Australian Dollar (A$)
| GIC Sector: | Materials |
|---|---|
| GIC Group: | Materials |
| GIC Industry: | Metals & Mining |
| GIC Sub-Industry: | Diversified Metals & Mining |
| Forward PE: | 0 |
|---|---|
| Trailing PE: | 0 |
| Price-to-Book MRQ: | 1.2142 |
| Price-to-Sales TTM: | 244.4507 |
| IPO Date: | 2006-03-20 |
| Fiscal Year End: | June |
| Full Time Employees: | 0 |