Magnum Mining and Exploration Limited (AU:MGU) has released an update.
Magnum Mining & Exploration Limited has announced the successful completion of a bulk processing trial for their Buena Vista Iron Project, producing a high-quality magnetite concentrate with a 69% iron grade and a 45% recovery rate. This premium Direct Reduction Iron (DRI) product, which is in high demand for green steel production, is expected to command a significant price premium in the market. The process used is simple, industry-standard, and notably yields a concentrate with low levels of impurities.
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