Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — Investor Presentation (March 2026)
22 slides from Magnetite Mines's investor presentation, Mar 10, 2026
Slide 1: Expanding Into Critical Minerals & Precious Metals
Expanding Into Critical Minerals & Precious Metals March 2026
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer IMPORTANT NOTICE ADDITIONAL INFORMATION The purpose of this presentation is to provide general information about Magnetite Mines Limited This presentation should be read in conjunction with MGT’s Annual Report at 30 June 2025 together ("MGT"). It is not recommended th
Slide 3: Investment highlights
Investment highlights Positioning the Company for a rapidly evolving commodities market Multi-commodity exploration Favourable market conditions have emerged – Global rare earths and critical minerals supply chains are restructuring – Copper, gold and silver prices at all time highs Large, 100%
Slide 4: Corporate overview (ASX:MGT)
Corporate overview (ASX:MGT) Skilled, motivated team with deep experience Board of Directors Management Cash Paul White Chair of the Board Trevor Thomas Director, Studies MBA, MAICD MEarthSci (Hons), MAIG, MAusIMM 18 years exploration & resource development geologist Background in driving organi
Slide 5: Multi-commodity exploration
Multi-commodity exploration
Slide 6: Commodity markets are rapidly shifting
Commodity markets are rapidly shifting Geopolitics and global supply chain security are changing the resources sector 5-year gold price (US$/oz) Ministers from 44 countries meet in Washington to reshape global critical 5-year silver price (US$/oz) minerals and rare earths supply chains ,4 Feb 2026 N
Slide 7: Multi-commodity exploration program commenced
Multi-commodity exploration program commenced Assessing existing 2,435km2 tenements to maximise shareholder value 7
Slide 8: Ironback Hill: Rare Earth Elements (REE) identified
Ironback Hill: Rare Earth Elements (REE) identified Maiden discovery announced on 19 August 20252,3 NEAR-SURFACE REE MINERALISATION CONFIRMED Discovered by Magnetite Mines from re-assayed Ironback Hill archived drill samples.2,3 Hosted in shallow clay horizons from 2-4m aligned with creek system
Slide 9: Ironback Hill: 2026 drilling program
Ironback Hill: 2026 drilling program Testing scale and extent of clay-hosted REE mineralisation Ngadjuri Nation participating in heritage clearances at Ironback Hill Up to 2,000m of air core drilling ready to commence with permitting and approvals secured and heritage clearances finalised.13 Tar
Slide 10: Braemar Creek: Prospective for rare earths
Braemar Creek: Prospective for rare earths REE exploration optionality downstream from Ironback Hill14 NEW TENEMENT GRANTED – BRAEMAR CREEK (EL7100) YUNTA Adjacent to EL6126 (Ironback Hill) license covers approximately 227km2 Secures downstream drainage corridors EL6978 EL6127 interpreted to be
Slide 11: Manunda North & Manna Hill: Prospective for gold
Manunda North & Manna Hill: Prospective for gold Phased exploration approach driven by historic gold occurences3 Gold/Copper OLARY prospectivity ELA-01079 Tapley Hill Formation MANNA HILL EL6746 EL6746 Gold EL6877 prospectivity YUNTA Manna Hill Gold Project (pending grant) EL6978 EL6127 Razorback Ir
Slide 12: Mutooroo Ridge: Prospective for copper
Mutooroo Ridge: Prospective for copper Copper is set to be a key growth driver for resource companies globally The world is electrifying. Global copper demand is projected to rise 50% by 2040, driven by: Global economic growth The shift to renewable energy and electric vehicles Expansion of AI
Slide 13: Razorback Iron Ore Project
Razorback Iron Ore Project
Slide 14: Awarded Major Project Status in February 2026
Awarded Major Project Status in February 2026 Recognising the project’s national significance4 The Razorback Iron Ore Project was awarded Major What Major Project Status means for Razorback Project Status by the Hon Tim Ayres, Minister for Recognition: MPS designation reflects Razorback’s national
Slide 15: Strategic partnering approach broadened
Strategic partnering approach broadened Steel decarbonisation an urgent priority for the world’s largest steel producing countries GLOBAL MOMENTUM SHIFT Global iron and steel industry decarbonisation dynamics have shifted, with increased momentum emerging in jurisdictions progressing with greater
Slide 16: Expansive, soft, outcropping iron ore
Expansive, soft, outcropping iron ore South Australia’s Braemar Iron Formation – a globally significant magnetite province The Braemar advantage Outcropping ore: very low strip ratio Iron Peak Siltstone-hosted iron ore, not BIFA Soft relative to WA magnetite ores9 Concentrates to premium gra
Slide 17: Access to infrastructure key to low-risk development
Access to infrastructure key to low-risk development Outstanding project location in the undeveloped Braemar Iron Region People Peterborough 80km Adelaide 240km Rail Existing rail ~50km Ports Whyalla Port 315km Port Pirie 180km Water Supply Coastal desal planned RE Power Supply Grid connection Elect
Slide 18: Razorback regulatory approvals progressed
Razorback regulatory approvals progressed Mining Lease Proposal (MLP) submitted for a 5Mtpa production facility22,23,24 The Razorback MLP journey Long-term EPBC Impact Tenement Statutory Mining Stakeholder MLP Validity Response baseline Act assessment consent assessment- Lease engagement submission
Slide 19: Magnetite Mines ASX:MGT
Magnetite Mines Market-driven multi-commodity Razorback progressing to Substantial re-rating potential exploration development Favourable market conditions have Federal ‘Major Project Status’ awarded4 Rare earths, gold and copper emerged Strategic partnering approach exploration in progress1
Slide 20: References
References 1. ASX:MGT - 30 Jan 2026 - Second Quarter Activities Report 2. ASX:MGT - 19 Aug 2025 - Rare Earths Mineralisation Identified at Ironback Hill 3. ASX:MGT - 18 Nov 2025 - Additional Rare Earths Confirmed At Ironback Hill, Drilling Planned 4. ASX:MGT - 17 Feb 2026 - Razorback Project Awarded
Slide 21: Contact
Contact Gemma Brosnan, Director - External Affairs gemma.brosnan@magnetitemines.com +61 8 8427 0516 www.magnetitemines.com
Slide 22: Appendix: Mineral Resources and Reserves
Appendix 1 Mineral Resources and Reserves5,6,7,8 Razorback Iron Ore Project5,8* (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 17.02 49.28 8.38 0.18 5