The Razorback Project is a large low grade, high tonne magnetite – iron ore project in the central portion of the Mawson Iron Province and is wholly owned and operated by Magnetite Mines Limited. The Project is located 250 km NE of Adelaide, South Australia and is located central to existing infrastructure.

The Project consists of two main ore bodies, the Razorback Deposit and the Ironback Hill Deposit. Together these deposits account for 3.9 Billion Tonnes of JORC 2004 Inferred to Indicated resources (see ASX Announcement). Magnetite Mines began work on Razorback in late 2009 and is well underway in developing one of the largest iron ore projects in Australia. Magnetite Mines completed resource definition and a Prefeasibility Study in early 2013 and is currently optimising several of the study parameters to improve the financials of the project (see ASX Announcement) 

Razorback Iron Project has several significant advantages over other Magnetite Projects:

  • Ore body outcrops, thus minimal to no overburden
  • Very large, contiuous ore body (3.9 Billion tonnes)
  • Low mine stripping ratio
  • Soft ore compared to conventional magnetite projects, thus lower comminution costs
  • Close to existing infrastructure and deep water
  • Simple geology

For details on the Project click below

INDEX

 Updated January 2018