The Ironback Hill prospect contains over 1 Billion tonnes of Iron Resource and is located in the southern portion of the Mawson Iron Project, approximately 12 km south-southwest of Razorback Ridge. Between October 2011 and April 2012, Magnetite Mines completed 12,466 metres RC and 2,849 metres of diamond drilling to complete an Inferred JORC Resource in November 2012. The Ironback Hill Resource covers an approximately 10 km strike length on the southern limb of the Pualco Anticline. The Ironback Hill prospect would most likely be developed independently to the Razorback Iron Project.

Importantly, the resource remains open to the east and down dip. A summary of the Resource is below:

ProjectJORC Resource ClassificationMillion TonnesFe%SiO2%Al2O3%P%
Ironback Hill Inferred 1,187 21.0 44.1 7.2 0.21

* Rounded to second significant figure

For more information on Ironback Hill, click here

Updated November 2013