@Mas37 - very good find and thanks for sharing.What I find...

@Mas37 - very good find and thanks for sharing.

What I find interesting, is that its a magnetite ore project (not hematite) being used to make green iron. The world better hurry up and get more magnetite iron ore mines up and running if that is the best way to make green iron and green steel.

As far as I can see, the Eulogie Iron Ore mine has not been developed. It used to be owned by Eastern Resources Limited. Eastern Iron (as they were then known) announced the maiden resource of 465Mt in 2011, which is the same resource amount in the above article and the same as on the website of the current owners, Central Queensland Metals. But good on Central Queensland Metals for holding onto the Eulogie project until the right time - which is now.

Also interesting that this project at 465Mt at 14.2% Fe would produce approx 100Mt of concentrate at 65% is currently Queensland largest magnetite project. This helps shows the potential size and importance of the Braemar Iron Formation.

All this only further increases the potential JV demand for Hawsons magnetite in my mind.