I think IRD still has the low grade perception to overcome. Many people are unfamiliar with magnetite in the Australian market (even if they've invested in the midwest) and don't quite realise that beneficiation rather than grade is the most important aspect. IRD beneficiates far better than its WA peers, grind size has already proven to be an insurmountable beast for some in WA. This will not be an issue for IRD.
Ann: 1.2 Billion Tonne Mineral Resource , page-5
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