Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — Investor Presentation (August 2025)
22 slides from Magnetite Mines's investor presentation, Aug 8, 2025
Slide 1: Premium Iron Ore for green iron and steelmaking
For personal use only Premium Iron Ore ... for green iron and steelmaking August 2025
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only IMPORTANT NOTICE ADDITIONAL INFORMATION The purpose of this presentation is to provide general information about Magnetite This presentation should be read in conjunction with MGT’s Annual Report at 30 June Mines Limited ("MGT"). It is not recomm
Slide 3: Investment highlights
Investment highlights Massive, future-facing iron ore project and multi-commodity exploration potential For personal use only Razorback Iron Ore Project Multi-commodity exploration potential 6.6bt Mineral Resource1,2,3 Large, 100% owned tenement position 2 billion tonne Ore Reserve with access to ra
Slide 4: Corporate overview
Corporate overview (ASX:MGT) Skilled team with singular focus: Razorback Iron Ore Project development For personal use only Board of Directors Management Cash Paul White Chair of the Board Trevor Thomas Director, Studies MEarthSci (Hons), MAIG, MAusIMM MBA, MAICD 17 years exploration & resource de
Slide 5: Flagship project progress
Flagship project progress Advancing Razorback via partnering, approvals and technical de-risking For personal use only Strategic Partnering MGT and JFE Shoji Australia have a non-binding agreement to negotiate a transaction for DFS funding in exchange for offtake rights, recently extended to 31 De
Slide 6: What is "green iron"?
What is “green iron”? Replacing coal in ironmaking is by far the biggest impact to carbon emissions For personal use only CURRENT PRACTICE Waterfall chart of emissions in steel life cycle ~70% OF GLOBAL PRODUCTION 8% of global carbon emissions CO2 Med. Grade Iron Ores Basic Blast Iron Steel Furnace
Slide 7: New premium-grade iron ore supply critical to transition
New premium-grade iron ore supply critical to transition Large-scale magnetite deposits that are suitable for green iron supply chain are rare For personal use only Not all magnetite deposits can produce “DR-grade” concentrates High-grade iron ore demand-supply gap to increase Razorback’s ability
Slide 8: The South Australia advantage
The South Australia advantage SA is leading the way to a future green iron economy For personal use only Attracting international investment Value adding Australia’s opportunity can be realised through collaboration and investment in green iron hubs Magnetite + Renewable Energy Geopolitically stabl
Slide 9: Green Iron SA consortium formed
Green Iron SA consortium formed Accelerating South Australia’s Green Iron opportunity For personal use only Green Iron SA plans to transform the strategic location of Port Pirie into a green iron production & export hub15 Development of the Razorback Iron Ore Project Delivery of 5Mtpa*13 – DR-Gr
Slide 10: Razorback: Expansive, soft, outcropping iron ore
Razorback: Expansive, soft, outcropping iron ore South Australia’s Braemar Iron Formation – a globally significant magnetite province For personal use only The Braemar advantage Outcropping ore: very low strip ratio Iron Peak Siltstone-hosted iron ore, not BIFA Soft relative to WA magnetite or
Slide 11: Outstanding project location in the undeveloped Braemar
Outstanding project location in the undeveloped Braemar Close to potential future green iron hubs at Whyalla & Port Pirie For personal use only Adelaide 240km Open-access rail ~50km Whyalla Port 315km Port Pirie 180km Grid Power 100% renewable by 202718 1111 ~125km
Slide 12: Mining Lease Proposal submitted – March 2025
Mining Lease Proposal submitted – March 202514 Commences development journey for a 5Mtpa production facility For personal use only 12
Slide 13: Razorback water supply options
Razorback water supply options Eliminating a key technical risk For personal use only BASE CASE Coastal desalination plant Desalination plant at coast, pumping stations, buried pipeline to site Currently included in Project’s robust economics13 MLP assumes coastal desalination14 Location and
Slide 14: Vast South Australian mineral tenement position
Vast South Australian mineral tenement position MGT holds one third of South Australia’s defined magnetite resources17 For personal use only * 14 Source: Department for Energy and Mining (DEM), SARIG Open file datasets (5 Aug 2025)
Slide 15: Gold and critical minerals prospectivity
Gold and critical minerals prospectivity MGT has tenements covering more than 2,500km2 in South Australia For personal use only * 15 Source: Department for Energy and Mining (DEM), SARIG Open file datasets (5 Aug 2025)
Slide 16: Gold and critical minerals prospectivity
Gold and critical minerals prospectivity Assessing existing tenements to maximise shareholder value 5-year gold price For personal use only Improved commodity prices Market prices for precious metals (including gold) have significantly increased in recent years. Forecast outlooks for various cri
Slide 17: MGT's bespoke sustainability platform
MGT’s bespoke sustainability platform Elevating future ESG outcomes through early action and commitment19 For personal use only Environmental sustainability Social & community inclusion Enabling future low-carbon Partnering agreement signed with Partnering Agreement with Ngadjuri Nation steel pr
Slide 18: Positive Razorback Project Optimisation Study economics
Positive Razorback Project Optimisation Study economics Results leading to larger scale production and staged expansion strategy15 For personal use only Staged development pathway manages risk Key project metrics 13 Expansion Physical Metrics Unit Base Case Option dry Concentrate production rate 5 1
Slide 19: Magnetite Mines
Magnetite Mines For personal use only Decarbonisation Razorback’s superior Progressing to Substantial re-rating tailwind project credentials development potential Green iron opportunity Tier 1 location Negotiating strategic Project set for long life underpinned by new State Close to port &
Slide 20: References
References For personal use only 1. ASX Announcement - 30/06/25 - Razorback Iron Ore Project 2025 Mineral Resource Update 2. ASX Announcement - 20/11/18 - Ironback Hill Deposit JORC 2012 Resource Update 3. ASX Announcement - 03/11/22 - Muster Dam Mineral Resource Estimate 4. ASX Announcement - 09/06
Slide 21: Contact
For personal use only Contact gemma.brosnan@magnetitemines.com Director, External Affairs +61 8 8427 0516 www.magnetitemines.com 21
Slide 22: Mineral Resources and Reserves
Appendix 1 Mineral Resources and Reserves1,2,3,4 For personal use only Razorback Iron Ore Project1,4* (Razorback & Iron Peak deposits combined) Classification Tonnes (Mt) Mass Rec % Fe % SiO2 % Al2O3 % P% LOI % Magnetite % Indicated 1,973 15.01 17.75 48.59 8.19 0.18 5.55 14.04 Inferred 1,864 15.09 1
Magnetite Mines — Investor Presentation (August 2025) on 6ix