Magnetite Mines has secured all permits and approvals for initial drilling at the Ironback Hill rare earth element project in South Australia, near the Razorback Iron Ore Project. Drilling contractors are ready to start operations within the week, aiming to explore clay-hosted REE mineralisation discovered from archived iron ore samples.

The upcoming drilling at Ironback Hill will involve up to 2,000m of aircore drilling to understand the extent and geological controls of the REE mineralisation. The fieldwork is expected to last around ten days, with sample assay results targeted within six to eight weeks. The project is located in the Braemar Iron Region approximately 250km north-east of Adelaide.

In August 2025, Magnetite Mines reported the discovery of REE mineralisation at Ironback Hill, with additional findings announced in November 2025. Managing director Tim Dobson highlighted the potential of the project for rare earth mineralisation and the importance of determining the geological controls governing the occurrence of REEs in the area.

In a previous development, in February 2024, Magnetite Mines signed a memorandum of understanding with Port Pirie Regional Council to develop Port Pirie into a future hub for green iron production. The company aims to create long-term shareholder value through a multi-commodity exploration approach while prioritizing the development of the Razorback Iron Ore Project.

“Magnetite Mines secures approvals for Ironback Hill drilling” was originally reported by Mining Technology. The information provided is for general informational purposes and should not be solely relied upon for decision-making. Professional advice is recommended before taking any action based on the content.

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