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.
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.