Australia's Magnetite Mines rises on feasibility study deal for iron ore project
08/07/2024 02:07
** Shares of Magnetite Mines MGT.AX rise as much as 19.3%
to A$0.340; set for best day since May 8, if gains hold
** Miner says it signed a non-binding agreement with JFE
Shoji Australia for definitive feasibility study for the
Razorback iron ore project
** Stock hits highest level since June 13
** MGT down 7.9% YTD, as of last close
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com;))
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