01
Sep
07:28
Magnetite Mines pushes Razorback feasibility study
Australian iron ore producer Magnetite Mines announced an update to the Razorback iron ore project on Friday of 1 September.
The miner is currently conducting value engineering on the project to reduce costs. A Definitive Feasibility Study for an optimized 5 million tonnes/year base case is targeted for completion in 2024, Kallanish learns.
A Mining Lease Proposal will be lodged with the South Australian government in Q1 2024, it said. Meanwhile, a par…
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