MGT TAKEOVER?? TARGET 4B Tonnes iron ore, page-44

Great article about MGT.. MUST READ
* June 11, 2020 | Special Report
https://unauthorised investment advice/resources/south-australia-shows-its-mettle-as-australias-next-major-iron-ore-hub/
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Unique South Australian Braemar magnetite
The Braemar magnetite, the type hosted within Magnetite Mines’ 4-billion-tonne Razorback project, is actually much softer than magnetite in the Pilbara.
Magnetite’s time has come
There are two main types of iron ores – hematite and magnetite. Hematite is typically higher grade in the ground, while magnetite deposits are large and quite low grade – but produce very high-grade products.And it is actually not that hard to upgrade magnetite to a higher-grade material using magnetic separation – basically you just grind the material and place it under a big magnet that captures the magnetite in a concentrate. These deposits usually have a very long life.
Big economic benefitsThe South Australian government has realised the value of getting this iron ore out of the ground and is aggressively promoting the state’s magnetite to steel producers.It’s aiming to secure $10bn of investment to get those resources out of the ground.
By 2030, South Australia wants to be a leading global supplier of quality magnetite products for steelmaking. And more recently the state government released its 20-year infrastructure plan.“The release of South Australia’s 20-Year State Infrastructure Strategy is an important first step in developing the infrastructure required to harness the untapped potential of South Australia’s resources sector,” South Australian Chamber of Mines & Energy (SACOME) CEO Rebecca Knol told *.“ The Braemar province, if it were developed, has the potential to double the states royalty revenue for 30 years. Current royalties are $325m per annum.”The state’s infrastructure strategy is key to developing the major infrastructure necessary to support the iron ore industry.While mines like Razorback are located close to rail, port and power infrastructure, bulk mineral operations require heavy ore railways and large capacity dedicated ports to load big vessels.“Development of the Braemar province is dependent on key infrastructure inputs of power, water, rail and port,” Knol said.“Infrastructure is fundamental to the everyday operation of the resources sector. Road, rail and ports are vital for the transport of mineral and petroleum products along supply chains and power and water are critical to project success for our sector.“Importantly, the strategy recognises the resource sector’s outstanding mineral, oil and gas resources; and the requirement for infrastructure solutions that provide efficient routes to market.” A strong contenderMagnetite Mines has already completed a low-cost scoping study that returned some pretty promising numbers for its Razorback mine.The focus was on a low capital, staged development and the results of the study confirmed this approach.The next step is to complete a pre-feasibility study (PFS).The “globally significant” Razorback mine is already proving it has all the right ingredients to make it a lower cost development project than other mines.

https://unauthorised investment advice/resources/south-australia-shows-its-mettle-as-australias-next-major-iron-ore-hub/