Tucano Gold is claiming they have the lowest cost iron ore magnetite operation in the industry at just $5/t @ 67-69% conc.
it’s because they will recycle their iron rich gold tailings thru a magnet mill and also have $1b +
of historical iron tailings in their tailings dams.
scroll down half this news release for more information. I think there might be a similar mill planned at Tennant creek. Does anyone know if that is the case ? FMG could look at this low cost technology ?
http://eepurl.com/iRP4tU
Green Iron Ore has an important future in WA, page-15
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