MGT.AX - Magnetite Mines Limited

ASX - ASX Delayed price. Currency in AUD

Magnetite Mines Limited

22 Greenhill Road
Suite 17 1st Floor
Wayville, SA 5034
61 8 8427 0516

Sector(s)Basic Materials
IndustryOther Industrial Metals & Mining
Full-time employees

Key executives

NameTitlePayExercisedYear born
Mr. Peter James SchubertExec. Chairman118.39kN/AN/A
Mr. Frank DeMarte BBus(Acct), FCIS, FGIA, FCSA, FAICDCompany Sec., CFO & Exec. Director98.55kN/A1962
Amounts are as of 31 December 2019, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in AUD.


Magnetite Mines Limited engages in the exploration and development of magnetite iron ore in South Australia. Its flagship projects include the Razorback Iron Project comprising the Razorback Ridge, Razorback West, Interzone, and Iron Peak prospects located in Adelaide, South Australia, as well as the Ironback Hill prospect situated in South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is headquartered in Wayville, Australia.

Corporate governance

Magnetite Mines Limited’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.