Magnetite Mines Limited (MGT) has released positive pre-feasibility study (PFS) results for the Razorback High Grade Iron Ore Concentrate Project. Modelling supports a maiden resource declaration of 473Mt based on a 12.8Mtpa plant throughput.

NextOre has worked with MGT over the past two years to develop a tailored bulk ore sorting strategy for the improvement of ore feed from the mine. Combined with selective mining, bulk ore sorting has been included in the “Head Grade Improved Case.”

We are thrilled with MGT’s ongoing success and look forward to assisting further as the project proceeds to a Definitive Feasibility Study.

The full ASX release can be found here.