"The magnetic anomaly has been successfully tested and found to be caused by a banded iron formation. There is no indication of Olympic Dam type mineralisation."
https://geodocs.dmirs.wa.gov.au/Web/documentlist/10/Report_Ref/A12196
Banded iron formations (BIFs) make up a lot of Australia's iron ore reserves. Most of the world’s iron ore is found in rocks called banded iron formations or BIF. BIF occur on all continents, and in all states of Australia. Western Australia accounts for 90 per cent of our iron ore.
https://www.csiro.au/en/news/all/articles/2024/march/banded-iron-formations
Iron ore anyone??
"The magnetic anomaly has been successfully tested and found to...
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