The Razorback Iron Project is a large low grade, high tonne magnetite project in the central portion of the The Mawson Iron Project and is the flagship of Magnetite Mines Limited. The Project is located 250 km NNE of Adelaide, South Australia and is located central to existing infrastructure. The Project is surrounded by the towns of Yunta, Peterborough and Burra. Magnetite Mines began work on Razorback in late 2009 and is well underway in developing one of the largest iron ore projects in Australia, with over 3 Billion Tonnes in Resources.

Iron mineralisation at Razorback is hosted in the Braemar Iron Formation; click here for more details. The Razorback area covers an approximately 10 km continuum of Iron Prospects: Razorback West- Razorback Ridge-Interzone-Iron Peak Prospects.

Magnetite Mines has progressively increased it’s resource from the first drill program in early 2010. The latest JORC Compliant (2004) Razorback Iron Resource completed in April 2013 stands as follows:

The Razorback Iron Project will consist of a conventional large-scale open cut mining operation. In the Base Case PFS work of early 2013, it was envisaged that Razorback Iron Project would use standard drill and blast, shovel and truck haulage methodology.

The PFS and optimisation studies included extensive metallurgical testing and pilot processing. Results suggested a standard magnetite flowsheet could be applied to the Razorback Iron Project.

Magnetite Mines announced in November 2013 (click here for details) it has entered into collaboration with Braemar Infrastructure Pty Ltd (BIPL) to develop an open user infrastructure solution for the Razorback Iron Project.