significant new prospect at mt peak, page-8

Hi 4938,

Generally magnetite with 34% will produce 60% - 65% FE after benefication. However, since they have vandium and titanium style magnetite, it will be harder to extract and I suspect the grade might not be as high as if it was just magnetite on its own.

If you want to get more information on magnetite with titanium & vanadium, have a look at AXO. They have the same stuff there so you can get more details on that.

I know for a fact that vanadium by itself is worth about 1/5 of ferrous vanadium (i.e. vanadium with iron in it). I think the last price I saw for ferrous vanadium was $100/kg.

BTW I don't hold any AXO so I'm not trying to ramp it.

This stock sounds like its got a decent iron portfolio now.

The haematite sounds good but I don't think the resource will be that big as the area of iron outcropping is 900m in length whereas some have 2.5km of iron outcropping.

The Northern Territory has been underexplored for iron so I am not surprised that TNG has found good area of iron ore.