I'm surprised that the announcement of this maiden 700 million tonne magnetitite resource hasn't got much attention. 67.2%fe and is now Australia's largest. Its an important point of difference for them for the future as well. If they process 10 million tonne a year of it that's a 70 year mine life! And that's just the high grade stuff excluding the 5.5 billion tonne at 31%
Ann: Fortescue Ore Reserves and Mineral Resources Update, page-16
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