3.9 billion tonnes (JORC 2012) of iron ore
Over 110 kilometres of unexplored strike
1,791 km2 of surrounding tenements
100% owned by Magnetite Mines Limited
The Razorback High Grade Iron Ore Concentrate Project is an iron ore project in the western portion of the Braemar and is wholly owned and operated by Magnetite Mines Limited.
The Project is 250 km northeast of Adelaide, South Australia and is located central to existing infrastructure.
The Project consists of three main ore bodies, Razorback is the primary deposit followed by Iron Peak and Ironback Hill. Together these deposits constitute 3.9 Billion Tonnes of JORC 2012 Inferred to Indicated resources (see ASX Announcements on 12/11/18 & 20/11/18).
Since 2009, Magnetite Mines has invested AUD $35 million in the project by carrying out over 52,000 metres of drilling, completing a positive pre-feasibility study, and subsequent optimisation of that study.