Magnetite Mines Ltd (ASX:MGT) has boosted its war chest for the Razorback Iron Ore Project in South Australia by way of an oversubscribed rights issue that.
Iron ore prices have risen to record levels in recent weeks as the raw material for steelmaking has shown tremendous resilience against a slowing global.
Renascor Resources enjoyed a major boost to its market capitalisation last week after China announced new graphite export permits, but uncertainty drove a dip for SA video games company Mighty Kingdom.
Magnetite Mines Ltd (ASX:MGT) CEO Tim Dobson sits down with Proactive’s Tom Warner to discuss the latest developments at the company’s flagship Razorback.