Magnum Mining and Exploration Limited

MGU

AU000000MGU3

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 07:10:57 28/05/2024 BST			5-day change	1st Jan Change
0.014 ^AUD	-12.50%		-12.50%	-50.00%

05-13	Magnum Mining And Exploration Raises $210 Million for Green Pig Iron Project; Shares Surge 36%	MT
03-28	Magnum Mining and Exploration Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Magnum Mining and Exploration Limited : - Progress with Mine and Green Steel development

April 28, 2021 at 04:00 pm

Magnum Mining and Exploration Limited ('Magnum' or 'Company') is pleased to announce that it has shipped samples of its Buena Vista iron ore to a consortium of international engineering firms specialising in HBI & Pig Iron manufacturing design.

Based on detailed metallurgical test results from iron ore samples provided, a Green HBI & Pig Iron manufacturing process will be specifically designed for the Project. The Manufacturing plant will be designed based on mature and industrially proven technologies. By utilising locally available Biomass & exclusive Green Hydrogen supply from AVF Energy, Magnum is a first mover in producing 'Environmentally Friendly' Hot Briquetted Iron (HBI) and High Purity Iron (HPI) products for supply to the US domestic and International steel markets.

Magnum is also in advanced discussions with several international firms in Europe and North America to provide plant assembly services and operational assistance. Sample test results will facilitate completion of the HBI & Pig Iron plant design prior to the end of May 2021. The company will provide further information after the preliminary process design of the HBI & Pig Iron plant is available.

Magnum's Buena Vista mine is uniquely positioned to become a Green Steel producer for supply to the domestic US and International steel markets. The mine is in the state of Nevada with access to rail, water and all necessary infrastructure, together with agreements for supply of Green Hydrogen. The company has already fielded multiple calls from international steel mills and expects strong demand for HBI and HPI product to gain further momentum as the steel industry moves towards greener production techniques lowering emission by changing to Electric Arc Furnace steel production. Magnum has a first mover advantage to supply green steel in Nevada, USA and will continue to fast track the GREEN STEEL project development and production in an accelerated time frame.

Contact:

John Dinan

Tel: 61 438014304

Email: info@mmel.com.au

Latest news about Magnum Mining and Exploration Limited

Magnum Mining And Exploration Raises $210 Million for Green Pig Iron Project; Shares Surge 36%	05-13	MT
Magnum Mining and Exploration Limited Reports Earnings Results for the Full Year Ended December 31, 2023	03-28	CI
Magnum Agrees to Acquire 50% Stake in Metallic Industrial in Middle East; Shares Jump 19%	03-08	MT
Magnum Mining & Exploration to Conduct Studies for Iron Project Development in Saudi Arabia	02-01	MT
Magnum Taps New York-based Law Firm for Legal Advice on Buena Vista Iron Project Development in US; Shares Up 4%	01-19	MT
Magnum Mining Completes Engineering Study at GHPPI Project in Saudi Arabia	01-17	MT
Magnum Mining & Exploration Appoints Adviser for Malaysian Biochar Project	11-29	MT
Magnum Mining and Exploration Signs MoU for Potential Port Facility for Buena Vista Project	24/10/23	MT
Magnum Mining and Exploration Limited Reports Earnings Results for the Half Year Ended June 30, 2023	13/09/23	CI
Magnum Mining and Exploration Explores Potential Offtake Deal for Buena Vista Project	08/09/23	MT
Magnum Mining and Exploration Enters MoU for Developing Nevada Mine, Processing Plant	01/09/23	MT
Magnum Mining and Exploration Finds Iron at Buena Vista Project	27/07/23	MT
Magnum Mining And Exploration to Implement New Engineering Design to Boost Buena Vista Production	14/07/23	MT
Magnum Mining and Exploration Limited Announces Executive Changes	11/07/23	CI
Magnum Mining and Exploration Appoints Project Manager for Nevada's Buena Vista Iron Project	20/06/23	MT
Magnum Mining And Exploration Taps Adviser to Boost Financing Strategy; Shares Jump 4%	16/06/23	MT
Magnum Mining and Exploration Finds Iron at Buena Vista Project; Shares Rise 4%	05/06/23	MT
Magnum Mining & Exploration Completes Reverse Circulation Drilling at Buena Vista Project in US; Shares Climb 4%	23/05/23	MT
Magnum Mining and Exploration Enters Deal to Secure HIsmelt License	18/05/23	MT
Magnum Mining and Exploration Shares Temporarily Halt Trading on ASX	11/05/23	MT
Australian Shares Retreat Amid Defensive Trading Ahead of Release of US Inflation Data	10/05/23	MT
Magnum Mining And Exploration Signs Deal with Shandong Province Metallurgical Engineering for Feasibility Study	10/05/23	MT
Magnum Mining and Exploration Signs MoU for Offtake of Products from Nevada Green Iron Project	10/05/23	MT
Magnum Mining And Exploration Starts Drilling at the Buena Vista Project	28/04/23	MT
Magnum Mining and Exploration Limited Reports Earnings Results for the Full Year Ended December 31, 2022	29/03/23	CI

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Company Profile

Magnum Mining and Exploration Limited is an Australia-based company, which is engaged in iron ore concentrate and green pig iron production. The Company is focused on the Buena Vista Magnetite and HIsmelt Green Pig Iron Project, which is located in located in Nevada in the United States. The Buena Vista Magnetite project is located approximately 160 kilometers east-northeast of Reno in the mining-friendly state of Nevada, United States. The Buena Vista Magnetite project mine site is around 50 kilometers from the Union Pacific rail line, which connects with multiple export port options including Stockton, West Sacramento, Oakland, San Francisco and Richmond (Levin). The Company is also focused on the Appalachian Iron HIsmelt Green Pig Iron Project, which is located in West Virginia in the United States.

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Specialty Mining & Metals

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30/05/2024 - Annual General Meeting

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