Mmm good question Goldstar...
My assumption is that IRD arrived at 67% Fe with p80 of >100 micron (comparatively much coarser grind) as this provided the best bang for buck trade off ie. lower processing plant costs and easier tails handing vs WA projects, but still a high quality, premium product to be sold into a very large sinter feed market. Flexibility presumably exists for customers to blend or possibly even regrind at the steel mills suitable for pelletising. IMHO early days re: green hydrogen at Cape Hardy, but news ramps up every day of the rapidly increasing environmental push & pressures on the steel industry which adds another valuable string to their bow. IRD have stated they want to investigate potentially converting some of the conc. into green pellets at the port site = more top line revenue. On the Metalytics findings yeah it reads technical and maybe doesn't include the catchy titles IRD4SA notes but I would have expected that any magnetite developer requires a proper validation of the process flowsheet from the likes of a specialist like Metalytics before any serious project partner would front up. IMO non binding LOI's for offtake don't drive billion dollar + projects getting funding, so the strategic partner is what I'm hoping they deliver this year whether it be established miner, steel maker or both.
Cheers
DYOR
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