The Razorback Iron Ore Project
The Razorback Iron Ore Project is a magnetite iron ore deposit capable of producing a high grade iron ore concentrate product for use in steel production. The Project is 100% owned and operated by the ASX listed Magnetite Mines Limited (ASX: MGT).
With a defined 2012 JORC resource of 4.2 Billion tonnes of iron ore, the Razorback Iron Ore Project consists of two very large magnetite iron ore deposits, the Razorback and the Ironback Hill deposits hosted in the Braemar Iron Formation. It is located 240 NE of Adelaide, South Australia, near the regional town of Yunta in arid, low intensity pastoral country.