MGT 2.78% 18.5¢ magnetite mines limited.

MGT Social Media Posts, page-200

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    Hey Daz, look at this; ""Types of iron ore: Magnetite ore The mineral magnetite actually has higher iron content than the mineral hematite. However, while hematite ore generally contains large concentrations of hematite, magnetite ore generally holds low concentrations of magnetite. As a result, this type of iron ore ore must be concentrated before it can be used to produce steel. Magnetite ore’s magnetic properties are helpful during this process. While magnetite ore requires more treatment, end products made from magnetite ore are typically of higher quality than those made from hematite ore. That’s because magnetite ore has fewer impurities than hematite ore; in this way, the elevated cost of processing magnetite ore can be balanced out.""
 
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