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  5. Magnetite Mines Limited
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    MGT   AU000000MGT5

MAGNETITE MINES LIMITED

(MGT)
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Business Summary
Magnetite Mines Limited, formerly Royal Resources Limited, is a mineral exploration and development company, with South Australian Mawson Iron Project, which contains the Razorback magnetite deposit. The Mawson Iron Project is located approximately 250 kilometers north-northeast (NNE) of Adelaide, South Australia, and covers tracts of prospective Braemar Iron Formation. The Mawson Iron Project consists of over five exploration licenses owned by the Company, including EL5432, EL4811, EL5240 and EL5180, and cover the Razorback deposit and its extensions while EL4842 is exclusively optioned to the Company for iron ore exploration and development. It is focused on the development of the Razorback Deposit, which comprises the Razorback Ridge, Razorback West, Interzone and Iron Peak orebodies. The Braemar Iron Formation is the host rock to magnetite mineralization on the project. Its Ironback Hill Prospect occurs on EL5180 and is over 12 kilometers south-southwest of Razorback Ridge.
Managers
Name Title Age Since
Peter Schubert Executive Chairman & Chief Executive Officer - 2021
Frank DeMarte Chief Financial Officer & Secretary 57 2020
Mark Richard Eames Technical Director 58 2021
Malcolm Roger Joseph Randall Independent Non-Executive Director 70 2012
Members of the board
Name Title Age Since
Peter Schubert Executive Chairman & Chief Executive Officer - 2021
Malcolm Roger Joseph Randall Independent Non-Executive Director 70 2012
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 2,856,353,160 2,601,280,438 91.1% 0 0.0% 91.1%
Shareholders
NameEquities%
Peter Schubert 105,786,693 3.37%
Siat Yoon Chin 48,325,000 1.54%
Mango Bay Enterprises, Inc. 45,065,000 1.43%
Matthew Burford Superfund Pty Ltd. 40,000,000 1.27%
Gordon Leonard Toll 36,326,509 1.16%
Michael 33,042,669 1.05%
Mark Richard Eames 32,078,609 1.02%
Nakanishi Metal Works Co., Ltd. 25,000,000 0.80%
Ragged Range Mining Pty Ltd. 23,344,994 0.74%
Corey Alan Amos 22,126,331 0.70%
Company contact information
Magnetite Mines Ltd.
22 Greenhill Road
Suite 16
1st Floor
Wayville, South Australia (SA) 5034

Phone : +61.8.8427.0516
Web : http://www.magnetitemines.com