I just spent a little time looking into this company to get some...

I just spent a little time looking into this company to get some idea on where they're at before taking the plunge. It seems to me that Extension Hill is almost finished and Iron Hill has only 12 months mine life. Also I cannot work out whether what they are mining is hematite or magnetite from these mines. I am getting conflicting information from the MGX website and locals on the ground here in Geraldton. I think a lot of the locals have lost money in the past on this, even those employees who had the option of buying shares at 50% of market price.
I would like to buy in but I need some indication of operations extending beyond end of 2018.
Ny replies or opinions would be appreciated.