BFS of its large Iron ore Agbaja Cast Steel Project expected soon!, page-91

A preliminary feasibility study released byKogi Ironrevealed that the Agbaja mineral resource was a unique sedimentary hostedmagnetitedeposit with a resource grade averaging 41.3%iron. Mostmagnetite ironore deposits generally grade around 25 – 40%iron.

Karara is very hard ore and difficult to mine and process compared to Kogi .Plus Kogis is close to other necessary resources. Lime Coal.
TheKarara IronOre Project developed export solutions for theKararadeposit that has a currentmagnetiteJORC resource of 1.43 billion tonnes at 36.3%Feand initial reserve of 497 million tonnes, supporting a 40 – 50 year mine life at a production rate of 8 million tonnes per annum.