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Magnetite Mines updates Razorback economics

ASX-listed Magnetite Mines has updated the economics for its Razorback iron-ore project, in South Australia, following a maiden ore reserve at the Iron Peak deposit, and incorporating optimisation studies. The company on Friday announced a maiden probable ore reserve of 362-million tonnes for Iron Peak, increasing the Razorback iron0ore project’s ore reserve to two-billion tonnes.
Iron Peak South Australia Western Australia Tim Dobson Magnetite Mines

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