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MAGNETITE MINES LIMITED.MAGNETITE MINES LIMITED.MAGNETITE MINES LIMITED.

MAGNETITE MINES LIMITED.

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Finer Market Points: ASX Top 10 Momentum Stocks: 17 Oct 2023ASX:DCN TSX:DXB PSX:PIL NYSE:STK SP:SPX NYSE:BIT NASDAQ:BNR FWB:LV1 ASX:TOR MIL:MGT Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is published weekly on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Dacian Gold Limited (DCN): Dacian Gold Limited is a gold explorer and developer with a 2.9Mtpa processing facility in the Leonora region of WA. Dimerix Limited (DXB): Dimerix Limited is a clinical-stage biopharmaceutical company specializing in inflammatory diseases, including both kidney and respiratory diseases. Dimerix is currently focused on developing its proprietary Phase 3 product candidate DMX-200. Peppermint Innovation Limited (PIL): Peppermint Innovation Limited is a company focused on delivering a range of banking, financial services, delivery and logistics, and remittance solutions, including mobile banking through mobile wallets. Strickland Metals Limited (STK): Strickland Metals Limited is a mineral exploration company focused on gold, copper, Zi, Pb, and Silver in Western Australia. Spenda Limited (SPX): Spenda Limited is engaged in the provision of digital payment solutions for businesses, helping provide smoother lending solutions. Biotron Limited (BIT): Biotron Limited is a biotechnology company focused on the discovery and development of novel antiviral therapies for the treatment of HIV-1 and Hepatitis C virus (HCV). Bulletin Resources Limited (BNR): Bulletin Resources Limited is engaged in the exploration and development of gold and base metal properties in Australia. Live Verdure Ltd (LV1): Live Verdure Ltd is a health, wellness, and skincare products company making a wide range of naturally based products with effective active ingredients sold online, direct to consumers. Torque Metals Limited (TOR): Torque Metals Limited is a WA miner near Kalgoorlie exploring for Li Au and Ni along the south string of St Ives Gold Mine with infrastructure and processing plants nearby at Bald Hill. Magnetite Mines Limited (MGT): Magnetite Mines Limited is working on the Razorback and Iron Peaks Iron Ore Projects in South Australia, focusing on Direct-Reduction grade ('DR Grade) iron ore used in the production of zero-carbon steel production.
ASX:MGT
by ch886
MGT the future FMG 00.15 by 2022 Port Pirie is slightly closer, however another option is never a bad thing. The approval also highlights that the SA government is taking active steps to support its vision that "By 2030, South Australia will be a leading global supplier of quality magnetite products for steelmaking". South Australia's Magnetite strategy is going to be massive 00.15 by 2022 The South Australian Government has given Port Augusta Operations the go-ahead to build a port facility in the Upper Spencer Gulf that will service mining operations. The approval will see the former Port Augusta power station transformed into a modern port, to be named Port Playford. This will create a shipping hub for projects in key South Australian iron ore regions, including North Gawler, Curnamona and Braemar. Once completed, Port Augusta Operations will load commodities onto shallow-draft self-unloading vessels at the port wharf via existing rail links onto Cape-sized, ocean-going bulk carriers. These bulk carriers will be moored at the existing offshore trans-shipment points near Whyalla. Port Augusta Operations managing director Shaun Shan said the project would provide an economic boost for the region. “Stage one of this project has already received more demand enquiries than its proposed capacity, which is fantastic news for our company and South Australia,” Shan said. “The development strongly aligns with key state, regional and local development directions and will unlock significant economic benefit within Port Augusta and across regional South Australia. “The economic benefits of this development are already materialising with the signing of legally binding commitments with key customers.” Port Augusta Operations intends to invest more than $100 million over the next 18 months, according to South Australian Minister for Planning Vickie Chapman. Chapman said this would unlock $160 million of existing assets, which are currently wasting away at the disused site and serve a range of commodities and even minerals processing activities. “There is a scope for this tie to accommodate a range of commodities and activities, including mineral processing,” she said. “It’s estimated this development will create more than 100 jobs during construction and 80 permanent positions for ongoing port operations. “This development will bolster the local economy and create a pipeline of growth opportunity for Port Augusta. Construction of Port Playford will start in the middle of 2021, with first shipment from the port anticipated by late 2022.
ASX:MGTLong
by Dan_king
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