Magnetite Mines Ltd (ASX:MGT) has appointed Azure Capital Pty Ltd, a prominent Australian corporate advisory firm, as financial advisor for its advanced Razorback Iron Ore Project in South Australia.
Experts in M&A
Azure Capital is known for its expertise in M&As and financial advisory services and brings a strong background in the mining and resources sector to the table.
This collaboration will support Magnetite Mines in exploring funding and partnering options for the development of the company’s flagship Razorback Iron Ore Project.
Azure's role will involve structuring partnering, financing and offtake agreements to facilitate the project's rapid development while maximising shareholder value.
With more than 20 years of experience in corporate and project financing solutions, Azure Capital will work closely with the board and management of Magnetite Mines.
The firm is an independent affiliate of Natixis, a global financial group under Groupe BPCE, with a presence in more than 30 countries.
Significant interest
The appointment follows significant inbound interest from potential financiers and strategic partners, highlighting the project's robust market potential and the strategic importance of securing seasoned advisors like Azure.
Magnetite Mines CEO Tim Dobson said: “We are delighted to appoint Azure as financial advisors to the company.
“While boutique, professional and nimble in nature, Azure brings the backing of international financial giant Natixis to the table and will play an important role supporting Magnetite Mines’ decision-making as we finalise negotiations and secure partnering, project financing and offtake agreements to support the rapid development of our Razorback Iron Ore Project.”