Based on the picture of ore samples, it is not magnetite, not geothite. The two remaining types are hematite and Limonite. Being next to FMG tenement, and far far away from China Limonite (low grade) is very unlikely, we don't have Limonite in Australia.
Hematite is not less than 50%Fe, so please dont worry about grade, as many here seem to have a big question mark.
Good luck holder, i believe there is a very decent amount beneath the surface.
Any geological comments welcome.
Based on the picture of ore samples, it is not magnetite, not...
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