10
Feb
02:36
Magnetite Mines boosts Iron Peak mineral resource
Magnetite Mines’ Iron Peak mineral resource within the Razorback iron ore project in South Australia has been elevated to the highest quality deposit within its portfolio with mass recovery significantly increased to 19.4% from 16.8%, Kallanish notes.
The Iron Peak deposit now stands at 503 million tonnes, up 20% from 419mt.
As for the overall Razorback iron ore project, the mineral resource has been increased to 3.3 billion tonnes at 16% mass recovery.
Th…
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