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Magnetite is an iron oxide mineral which is generally black in colour and highly magnetic the latter property aiding in the beneficiation of magnetite ores Macarthur Minerals 39 Lake Giles hematite project deposits Banjo Snark Central DSO and Drabble Downs all reported an increase and upgrade of resources to JORC Magnetite is an iron oxide mineral which is generally black in colour and highly magnetic the latter property aiding in the beneficiation of magnetite ores Macarthur Minerals 39 Lake Giles hematite project deposits Banjo Snark Central DSO and Drabble Downs all reported an increase and upgrade of resources to JORC

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