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Magnetite Mines Limited

πŸ‡¦πŸ‡Ί ASX

⛏️ MINING

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πŸ‘‘ Overview

πŸ“ˆ Performance

πŸ’΅ Cost

πŸ€“ Advanced

πŸ‘¨β€πŸ‘©β€πŸ‘§β€πŸ‘¦ Community

πŸ“ˆ

-18.17%
Annual Growth

5 years average annual capital growth

πŸ’΅

$ 500
Minimum Order

Due to regulatory requirements

🌏

9
Pearlers Invested

Since January 2020

πŸ‘‘ Overview

Key information
πŸ”Ž Fund Overview

Magnetite Mines Ltd. operates as a mineral exploration company, which explores and develops mineral properties. The company is headquartered in Adelaide, South Australia. The company went IPO on 2006-04-06. The firm is focused on the development of magnetite iron ore resources in the highly prospective Braemar iron region of South Australia. Its projects include Razorback Iron Ore Project and Muster Dam Iron Ore Project. The Razorback Iron Ore Project is a magnetite iron ore deposit capable of producing a high-grade iron ore concentrate product for use in steel production. The Project is situated approximately 45 kilometers (km) from open-user rail, 120 km from the power grid and 200 km to existing deep water ports. The Project consists of two magnetite iron ore deposits, the Razorback and the Ironback Hill deposits. The Muster Dam Iron Ore Project is hosted by the same Braemar Iron Formation as the Razorback Iron Ore Project. The Project is located approximately 110 km to the northeast of Razorback. The firm has a total mineral resource of six billion tons of iron ore located approximately 240 km from Adelaide.

πŸ“ˆ Performance

Price History

-90.86%

1M

1Y

10Y

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πŸ’΅ Costs

πŸ’΅

6.50 AUD*
Purchase Fee

*$5.50 with Pearler Prepay

πŸ’Ό

N/A
Management Fee

Included in unit price, not charged by Pearler

πŸ’Έ

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πŸ€“ Advanced information

Technical Info

πŸ’° Price*

$0.06

*Price may be up to 24 hours old

πŸ‘©β€πŸ‘©β€πŸ‘¦ Community Insights

How our community is investing

🌏 Pearlers invested in MGT

9

πŸ“Š Total Capital Earnings

$59K

πŸ”ƒ Average investment frequency

44 weeks

πŸ’΅ Average investment amount

$2,224

⏰ Last time a customer invested in MGT

5 days
MGT investor breakdown
πŸ’΅ Income of investors

More than 200k

150k - 200k

100k - 150k

10%

50k - 100k

50%

Less than 50k

40%
πŸ‘Ά Age of investors

18 - 25

11%

26 - 34

33%

35 - 90

56%
πŸ™‹ Legal gender of investors

Female

22%

Male

78%

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πŸ™Œ Performance (5Yr p.a)

137.23%

πŸ“Š Share price

$2.60 AUD

πŸ•ŠοΈ SOCIALLY AWARE

⛏️ MINING

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