Magnetite Mines Ltd.ASX: MGT

Razorback Project Awarded Major Project Status

· Issued by Magnetite Mines Ltd.

Filed with ASX · · 3 pages · English

➢ Magnetite Mines’ flagship Razorback Iron Ore Project has been awarded “Major Project Status” (MPS) by the Australian Government in recognition of its scale and national significance. ➢ The MPS designation reflects the potential economic contribution of the Razorback Project to the Australian economy, estimated at $1.15bn annually once in production.1 ➢ The designation of MPS qualifies Magnetite

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