Kuwaiti sales for SA consortium

THE South Australian Magnetite Consortium has signed a 10-year deal with a private Kuwaiti closed shareholding industrial and commercial joint venture company for 4 million tonnes per annum of ultra-high grade pellet feed from its newly acquired Olary project.

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South Australia's Braemar region.

The consortium is made up of Magnetite Mines and Lodestone Equities who operate a 200km parcel of land in the Braemar Region, one of the largest unexploited magnetite provinces in the world.

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