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20 Mar
03:15

Razorback iron ore reserves increase 340%

Australian miner Magnetite Mines says the ore reserves of its 100% owned Razorback iron ore project located in the Braemar Iron Formation in South Australia have been boosted by 340% to 1.6 billion tonnes. This is an increase of 1.1 billion tonnes compared to the 2021 maiden ore reserves of 473 million tonnes, Kallanish notes. Iron Peak is not yet included, meaning there is considerable upside potential on the current studie…
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