Lazyfish, you'll notice that the company quotes a mining rate of 1.2Mtpa. This, like every other company on the asx quoting a mining rate, only pertains to the amount of ore they've dug to put through the mill, not the waste they have dug to extract that 1.2Mt of ore.
You will be ablee to back calculate that, with a head grade of 52% Fe (in magnetite), the rock consists essentially of ~65% magnetite, hence, from 1.2Mt of ore you get 800Kt concentrate.
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $101.9M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 1.9¢ | $998.5K | 50.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 9685341 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 4773305 | 6 |
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| Last trade - 16.18pm 18/07/2025 (20 minute delay) ? |
| IXR (ASX) Chart |