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MAGNETITE MINES LIMITED. Capital/Financing Update 2021

Nov 2, 2021

65329_rns_2021-11-02_24458763-33a8-43ea-b96c-3b4eda577891.pdf

Capital/Financing Update

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ASX Announcement

3 November 2021

Expiry of Quoted Options (MGTOD)

Magnetite Mines Limited (ASX: MGT ) wishes to advise that 294,915,342 quoted options exercisable at $0.05 each expired on 29 October 2021.

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

For further information contact:

Frank DeMarte Company Secretary +61 8 8427 0516

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