Magnum Mining and Exploration Limited (AU:MGU) has released an update.
Magnum Mining & Exploration Limited has reported promising results from metallurgical test work on its Buena Vista Iron Project, revealing a high-grade 68.3% Fe magnetite concentrate achievable with simple grinding. These results also meet the stringent DRI grade requirements due to low silica and aluminium levels, and further flotation tests are planned to enhance iron grades. The company is producing a bulk magnetite concentrate for potential customer testing, following a successful Scoping Study.
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