Magnum Mining and Exploration Limited (AU:MGU) has released an update.
Magnum Mining & Exploration Limited has announced successful metallurgical test results for its Buena Vista Iron Project, indicating a high-grade 68.3% Fe magnetite concentrate achievable through simple grinding. These promising results also show low impurity levels, meeting Direct Reduced Iron (DRI) grade requirements, with potential for even higher grades through ongoing flotation test work. The tests, conducted by Australian Laboratory Services, support the project’s viability, with a bulk magnetite concentrate soon to be supplied for customer in-house testing.
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