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MAGNETITE MINES LIMITED. Capital/Financing Update 2021

Dec 8, 2021

65329_rns_2021-12-08_f4d1ba4c-5137-4720-84a1-d446da8c4afc.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

9 DECEMBER 2021

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EXPIRY OF OPTIONS

Magnetite Mines Limited (ASX: MGT) (Company) wishes to advise that 5,000,000 unquoted options exercisable at $0.10 each expired on 5 December 2021.

This announcement has been authorised for release to the market by the Chairman.

For further information contact:

Peter Schubert Executive Chairman & Interim CEO

+61 416 375 346

Magnetite Mines Limited | ABN: 34 108 102 432 | Suite 1, 22 Greenhill Road, Wayville, SA 5034 | email: [email protected] | www.magnetitemines.com | Tel: +61 8 8427 0516