Razorback High Grade Iron Ore Project

With a defined 2012 JORC resource of 5.7 Billion tonnes of iron ore, the Razorback Iron Ore Project consists of two very large magnetite iron ore deposits, the Razorback and the Ironback Hill deposits hosted in the Braemar Iron Formation. It is located 240 NE of Adelaide, South Australia, near the regional town of Yunta in arid, low intensity pastoral country.

The large resource base is held within five 100% owned and operated tenements totalling 1,520 square kilometres. The Project is situated 45km from open-user rail, 120km from the power grid and 200km to existing deep water ports.

The Pre-Feasibility Study completed in July 2021 confirmed the opportunity for a high return, long life, initial development of the large scale Razorback resource which leverages the advantages of resource scale, low stripping ratio, available infrastructure, low cost sustainable power and leading product quality.

Investment opportunity

Equity finance, debt finance, J/V partners, off-take customers.

Investor information


Project status update

Pre-Feasibility Study (PFS) delivered successfully July 2021 demonstrating financial and technical viability of Razorback project.

Definitive Feasibility Study (DFS) underway and owners team assembled.

Project dependencies


Technology utilised


Financial information

Investment sought: A$500M

Key organisations

  • Magnetite Mines

Project timelines

Expected start date

Expected end date

Funding round finish date


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