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Magnetite Mines Limited is an Australian mineral exploration and development company specializing in magnetite iron ore resources within the Braemar iron region of South Australia. Its flagship asset, the Razorback Iron Ore Project, comprises substantial deposits including Razorback and Ironback Hill, with a combined mineral resource estimate of approximately 6.6 billion tonnes. The company focuses on producing high-grade magnetite concentrates suitable for steel production, notably targeting the emerging market for "green iron"—iron produced using hydrogen instead of coal, aligning with decarbonization initiatives in the steel industry. Situated near critical infrastructure such as rail, deep-water ports, and a high-voltage renewable energy grid, Magnetite Mines leverages these advantages to develop sustainable, low-carbon iron ore operations. The company emphasizes environmental, social, and governance (ESG) principles, aiming to support the transition to green steel through the supply of premium-quality iron ore feedstock. Headquartered in Adelaide, Magnetite Mines plays a significant role in the materials sector by advancing innovative mining practices in a jurisdiction with strong government support for renewable energy and green hydrogen development.