Understanding the demand for Green Steel, page-428

Equity markets are sour on iron ore juniors, but their potential customers are singing a different tune - *


Magnetite is lower in grade in the ground but unlike hematite, which typically grades around or below 62% Fe, can be beneficiated to grades upwards of 67% Fe.Provided the concentrate is low in impurities, it can be turned into a pellet used in direct reduced iron plants, which have far lower CO2 emissions profiles than conventional blast furnaces.

“What we’re really looking for here is something that can feed into DRI plants and that’s where you get the most benefit from a low carbon solution for steel production,” he said.“There, you’re really looking at getting sort of sub-5% silica, around about that 67% Fe, and on the early work that’s been done from Ashburton, and we can see that the project can potentially produce up to those grades.

CZR is not alone in pursuing dreams of becoming a magnetite developer. There are a host of junior explorers focused on that end of the market, including companies like Hawsons Iron (ASX:HIO), Macarthur Minerals (ASX:MIO) and Magnetite Mines (ASX:MGT).