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InDaily: The planets are aligning for Magnetite Mines
“With growing global demand for green steel and a massive deposit of iron in the state’s northeast under its ownership, Magnetite Mines is on the…
Learn moreMagnetite Mines Limited (ASX:MGT) announced on 5th July 2021 the results of a new Pre-Feasibility Study (“PFS”) looking into the potential production of a superpremium high grade (67.5% to 68.5% Fe) magnetite concentrate from its wholly owned Razorback Iron Project, located 240km east of Adelaide in South Australia.
After a review of the information provided in the market release and discussion with MGT management, we have formed the view that this is an excellent result for the Company and project.
Selected key highlights of the new study are as follows:
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