Yes, that'd be my guess.
Well signaled in the ASX Release 13 September:
POTENTIAL TO AMASS A SUBSTANTIAL RESOURCE BASE
A number of privately owned iron deposits occur in the district around Buena Vista. With Magnum’s drive to bring the project into production, it is apparent to the owners of those deposits that there is an opportunity to deliver additional ore to the project. Magnum is actively engaging with third parties to maximise the potential of the Buena Vista Green Pig Iron Project.
Sisu123's map of the district (https://hotcopper.com.au/posts/63696922/single) gave us these probable candidates:
(Click image to enlarge)
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