Proposed magnetite mine in Western Australia has 30-year minelife
A huge magnetite project in Western Australia could produce one and a half billion tonnes of magnetite and have a mine-life of 30 years, according to a story in The Kalgoorie Miner, posted on Mindax's website:
A sleeping giant in the Yilgarn iron province is quietly ticking all the boxes on its way to production. Mindax's 1.48 billion tonne Mt Forrest magnetite project is the biggest JORC compliant iron resource in the region.
While still in the exploration stage, the story says that owner Mindax Limited is already in discussions with potential buyers, mainly in China, for its magnetite and hematite products, which are used in steelmaking.
Image by Mindax Limited