Magnetite Mines Ltd. · ASX:MGT
Magnetite Mines — TACTIC Conference 2025
16 slides from Magnetite Mines's conference presentation, Jul 30, 2025
Slide 1: Premium Iron Ore for green iron and steelmaking
For personal use only Premium Iron Ore ... for green iron and steelmaking TACTIC Conference July 30, 2025
Slide 2: Disclaimer
Disclaimer For personal use only IMPORTANT NOTICE ADDITIONAL INFORMATION The purpose of this presentation is to provide general information about This presentation should be read in conjunction with MGT’s Annual Report at 30 Magnetite Mines Limited ("MGT"). It is not recommended that any person make
Slide 3: Corporate overview (ASX:MGT)
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 4: 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 5: New premium-grade iron ore supply critical to transition
New premium-grade iron ore supply critical to transition Razorback Project positioned to meet urgent new demand For personal use only Razorback >68% Fe concentrates positioned in DR-grade range* High-grade iron ore demand-supply gap to increase Exported Iron Ore – Fe Grade Comparison Australian Hema
Slide 6: 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 7: 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 hub Development of the Razorback Iron Ore Project Delivery of 5Mtpa – DR-Grade i
Slide 8: 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 BIF* Soft relative to WA magnetite or
Slide 9: 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 2027 99 ~125km
Slide 10: Mining Lease Proposal submitted – March 2025
Mining Lease Proposal submitted – March 2025 Commences development journey for a 5Mtpa production facility For personal use only 10
Slide 11: 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 economics Included in MLP submission Location and pipeline
Slide 12: MGT's bespoke sustainability platform
MGT’s bespoke sustainability platform Elevating future ESG outcomes through early action and commitment For personal use only Environmental sustainability Social & community inclusion Enabling future low-carbon Partnering agreement signed with Partnering Agreement with Ngadjuri Nation steel prod
Slide 13: Magnetite Mines
Magnetite Mines For personal use only Decarbonisation Razorback’s superior Progressing to Substantial re-rating tailwind project credentials development potential Australia’s Green Iron Tier 1 location Finalising strategic Project set for long life opportunity underpinned Close to port & r
Slide 14: References
For personal use only References 1. ASX Announcement - 30/06/25 - Razorback Iron Ore Project 2025 Mineral Resource Update 2. ASX Announcement – 09/02/23 - Iron Peak Mineral Resource Significantly Improved 3. ASX Announcement – 20/11/18 – Ironback Hill Deposit JORC 2012 Resource Update 4. ASX Announc
Slide 15: Contact
For personal use only Contact gemma.brosnan@magnetitemines.com +61 8 8427 0516 www.magnetitemines.com 15
Slide 16: Appendix: Mineral Resources and Reserves
Appendix 1 Mineral Resources and Reserves1,2,3,4,5 For personal use only Razorback Iron Ore Project (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.