[SMM Iron & Steel] Razorback Magnetite Project Awarded Federal Major Project Status

Published: Feb 25, 2026 11:46

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The Australian Federal Government granted "Major Project Status" to the Razorback Iron Ore Project in South Australia. This designation fast-tracks the regulatory approvals for the project, which targets an initial capacity of 5 million tonnes per annum (MTPA), scaling to 10 MTPA. The project focuses on high-grade magnetite (up to 72.4% Fe), a critical feedstock for the global transition to green steel via the DRI route.

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