Magnetite, DRI, Greensteel News, page-117

Only 4% of today iron ore supplies is high grade iron ore (>67%Fe).

There is simply no where enough to meet the projected crazy demand growth for high grade ore in the years ahead to support steel decarbonisation.

The only way the world can move to decarbonization in steelmaking is working on new technologies to still use low grade iron ore to produce greensteel but it comes with higher cost of processing. They are looking at double beneficiation methods but it comes with higher operational costs and can take another decade or more to roll out the technologies IF they ultimately can make it work economically.

This just highlights how important high grade iron ore is and how seriously it is in short supply in the years and decades ahead. This puts Hawsons project in the best spot as its product grade of 69%-70% is the highest in the world.