Iron Ore rose to 99.07 USD/T on July 30, 2025, up 0.09% from the previous day. Over the past month, Iron Ore's price has risen 6.06%, but it is still 6.48% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on July of 2025.

In May 2024, iron ore was valued at approximately *** U.S. dollars per dry metric ton unit (dmtu), as compared to *** U.S. dollars per dmtu in the same month of the previous year. Iron ore prices and production Iron ore refers to the minerals and rocks from which metallic iron is economically viable to extract. Pig iron, which is one of the raw materials used in steel production, is derived from iron ore. The price of iron ore has fluctuated a great deal over the last twenty years. In 2003, one dmtu of iron ore cost ** U.S. dollars, and increased to a high of *** U.S. dollars per dmtu in 2011. The price saw dramatic drops in the past decade, from ****** U.S. dollars per dry metric ton unit in March 2013 to ***** U.S. dollars per dmtu in December 2015. Since then, the price has increased gradually to ****** U.S. dollars per dmtu as of July 2021, before dropping sharply in August 2021. Iron ore producers Overall, the global production of iron ore did not decrease when the prices dropped. In fact, an increase in production among several of the world's largest iron ore producing countries was observed in the past five years. Australia produced *** million metric tons of iron ore in 2023. China is also among the world's largest iron ore producers, though its production is calculated differently than in other countries. Based primarily on the production of raw ore rather than usable ore, China produced an estimated *** million metric tons in 2023.

In 2024, iron ore was worth an average of approximately *** U.S. dollars per dry metric ton unit (dmtu), compared to only ** U.S. dollars per dmtu in 2000. The month with the highest average iron ore price in 2021 was June, at over *** U.S. dollars per dmtu. Iron ore: market context and price fluctuation Iron ore is composed of minerals and rocks from which metallic iron can be extracted. Iron ore is an important part of the world economy, as a large proportion of iron ore is used to make steel, which is a widely used material globally. In a given year, the monthly price of iron ore varies noticeably, ranging for example from a high of ****** U.S. dollars per dmtu in June 2021 down to a low of ***** U.S. dollars per dmtu in November 2021. Major iron ore producing nations Australia has the world's largest iron ore reserves, at ** billion metric tons of crude iron ore and is also the world's largest producer of iron ore. Not surprisingly, China, the world's leading steel manufacturer, is also the world's leading importer of iron. In recent years, China's iron imports have increased significantly, from ****** million metric tons in 2004, to over *** billion metric tons in 2018.

United States - Producer Price Index by Industry: Iron Ore Mining: Iron Ore (Including Crude, Concentrates, Agglomerates and Pellates) was 212.57500 Index Dec 1997=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Iron Ore Mining: Iron Ore (Including Crude, Concentrates, Agglomerates and Pellates) reached a record high of 231.25100 in April of 2023 and a record low of 99.20000 in January of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Iron Ore Mining: Iron Ore (Including Crude, Concentrates, Agglomerates and Pellates) - last updated from the United States Federal Reserve on August of 2025.

In June 2025, approximately ***** million metric tons of crude iron ore was extracted in China. Iron ore mining in China As the world's largest iron ore importing country since 2014, China's iron ore imports amount to over *** billion metric tons every year to meet its demand. Cutbacks in 2014 were likely the result of decreasing iron ore prices around the world, which fell from a high of 168 U.S. dollars per dry metric ton in 2011 to a low of an estimated 55 U.S. dollars in 2015. Iron ore prices have gradually recovered to the levels of 2014, standing at ***** U.S. dollars per dry metric ton as of 2023. China's steel industry Despite iron ore mining cutbacks in China and fluctuating prices, the price of steel, which is made from iron ore, has remained stable. China has remained the world’s largest crude steel producer. Among the twenty leading steelmakers worldwide, eleven are from China. As the largest crude steel producer in the world, Baowu Steel Group is state-owned and is the largest steel company in China. In 2022, Baowu Steel Group generated a revenue of over **** trillion yuan.

United States - Producer Price Index by Industry: Iron Ore Mining: Primary Products was 205.04700 Index Dec 1984=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Iron Ore Mining: Primary Products reached a record high of 223.06200 in April of 2023 and a record low of 81.40000 in February of 1988. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Iron Ore Mining: Primary Products - last updated from the United States Federal Reserve on July of 2025.

BHP produced approximately *** million metric tons of iron ore in the financial year ending June 30, 2024. The iron ore production increased in 2024 compared to the previous year, wherein the value was around *** million metric tons. BHP (formerly known as BHP Billiton) is a British-Australian global mining company, headquartered in London and Melbourne.

European Union - Producer prices in industry: Mining of iron ores was 239.90 points in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Mining of iron ores - last updated from the EUROSTAT on July of 2025. Historically, European Union - Producer prices in industry: Mining of iron ores reached a record high of 324.30 points in August of 2021 and a record low of 26.50 points in September of 1992.

United States - Industrial Production: Mining, Quarrying, and Oil and Gas Extraction: Iron Ore Mining (NAICS = 21221) was 81.19500 Index 2012=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Industrial Production: Mining, Quarrying, and Oil and Gas Extraction: Iron Ore Mining (NAICS = 21221) reached a record high of 224.89460 in December of 1979 and a record low of 19.99790 in June of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Industrial Production: Mining, Quarrying, and Oil and Gas Extraction: Iron Ore Mining (NAICS = 21221) - last updated from the United States Federal Reserve on July of 2025.

In the period of consideration, monthly iron production in the United Kingdom peaked at ******* metric tons in May 2021. In comparison, the lowest iron production level was recorded in July, with ******* metric tons.

The Cairn Hill magnetite-copper-gold project, located 55 km south-east of South Australia’s far northern regional centre of Coober Pedy, has been developed by IMX Resources Ltd (IMX) and is the first large iron ore mine to be opened in South... The Cairn Hill magnetite-copper-gold project, located 55 km south-east of South Australia’s far northern regional centre of Coober Pedy, has been developed by IMX Resources Ltd (IMX) and is the first large iron ore mine to be opened in South Australia outside of the long active Broken Hill Pty Ltd Middleback Ranges iron ore mining operation located near Whyalla. The Australian Commonwealth Government's Foreign Investment Review Board endorsed a $49 million investment from China’s Sichuan Taifeng company, allowing them to acquire 19.9% of IMX and 49% of an IMX subsidiary, Outback Iron Pty Ltd, which indirectly holds the Cairn Hill operation and Cairn Hill Mining Lease. There is a life-of-mine sales off-take agreement in place with the Chinese Jilin Tonghua Iron and Steel (Group) Mining Co. for mining Phase 1. During the year 2000, IMX acquired mineral exploration tenements over approximately 50% of the Mount Woods Domain. Late in 2001, the Domain’s mineral potential was highlighted by Minotaur Exploration’s discovery of the Prominent Hill copper-gold deposit on adjacent tenements. During mid-2002, IMX entered into a joint venture with Anglo American Exploration (Australia) Pty Ltd, whereby the partners completed extensive and detailed ground gravity surveys and rock alteration mapping. The project ownership was returned to IMX in early 2004. During the latter part of 2004, IMX identified within the Mount Woods Domain several target mineral deposit styles for investigation, including that present at the historic Cairn Hill magnetite-hosted copper-gold deposit. During 2005 and 2006 IMX conducted an extensive technical and economic assessment of the Cairn Hill deposit, which led to the completion of a mining feasibility study in mid-2007. A Mining Lease (ML 6303) covering 80.06 square km over the Cairn Hill deposit was granted by South Australia's Minister for Resource Development on 17 April 2008. During June 2008 trial mining of 20 000 tonnes of Cairn Hill run-of-mine ore was undertaken to better understand the orebody geotechnical properties and to determine ore characteristics. Phase 1 production mining then commenced, with the first ore blasted free in May 2010 and the first commercial ore material removed from the mine pit in July 2010. The mine was officially opened on 26 August 2010 by State Premier Mike Rann. The first rail shipment to Port Adelaide of 3 593 tonnes of prepared direct shipping magnetite ore was on 17 October 2010, and the first ocean shipment of 68 000 tonnes of this type of ore departed to China on 19 December 2010.

BHP Group was ranked number one among the iron ore mining companies listed on the Australian Securities Exchange as of June 2025, with a market capitalization of almost *** billion Australian dollars. BHP Group is a multinational, diversified natural resources company and is headquartered in Melbourne, Australia.

The global Mineral Processing Equipment market, valued at $23.37 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 5.35% from 2025 to 2033. This expansion is fueled by several key factors. The increasing demand for minerals in various industries, such as construction, electronics, and automotive, is a primary driver. Furthermore, technological advancements in equipment design, leading to improved efficiency, reduced operational costs, and enhanced safety features, are significantly contributing to market growth. The rising adoption of automation and digitalization in mining operations further boosts market demand, enabling optimized processes and real-time data analysis for better resource management. Growth is also spurred by the exploration of new mineral deposits and the expansion of existing mining activities globally. However, the market faces certain restraints, including fluctuating commodity prices, stringent environmental regulations necessitating investments in sustainable technologies, and the potential for labor shortages in the mining sector. Despite these challenges, the market presents significant opportunities for growth. The focus on sustainable mining practices is driving demand for energy-efficient and environmentally friendly equipment. Furthermore, the increasing adoption of advanced analytics and artificial intelligence (AI) in mineral processing is creating new avenues for innovation and efficiency improvements. Key players in the market, including FLSmidth A/S, Komatsu Ltd, Metso Outotec, and others, are strategically investing in research and development to capitalize on these opportunities, focusing on developing cutting-edge equipment and solutions to meet the evolving needs of the industry. The market segmentation, although not explicitly provided, likely encompasses various equipment types (crushing, grinding, screening, etc.) and applications across different mineral types (iron ore, copper, gold, etc.). Regional variations in market growth are expected, influenced by factors like mining activity levels, regulatory environments, and economic conditions in different parts of the world. Recent developments include: March 2024: TAKRAF, a prominent player in bulk material handling solutions, reaffirmed its strategic partnership with ABB, a global leader in electrification and automation technology. This renewal focuses on the continued deployment of the gearless conveyor drive (GCD) technology, which is aimed at fostering a more sustainable and resource-efficient future. This initiative underscores the commitment of both entities to advancing sustainability in the mineral processing equipment market., July 2023: The Canadian mining company First Quantum Minerals (FQM) purchased mineral processing equipment from Metso for its Kansanshi copper mine S3 expansion project in Zambia. This order, valued at over EUR 20 million (USD 22.35 million), was officially recorded in the company's second-quarter order intake.. Key drivers for this market are: Increasing Demand for Metals and Minerals to Fuel the Market. Potential restraints include: Increasing Demand for Metals and Minerals to Fuel the Market. Notable trends are: Iron is Poised to be the Fastest-growing Segment Over the Forecast Period.

United States - Producer Price Index by Commodity: Metals and Metal Products: Iron Ores was 202.28400 Index 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Iron Ores reached a record high of 220.05600 in April of 2023 and a record low of 20.10000 in February of 1947. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Iron Ores - last updated from the United States Federal Reserve on August of 2025.

United States - Producer Price Index by Industry: Iron Ore Mining was 200.24200 Index Dec 1984=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Iron Ore Mining reached a record high of 217.83400 in April of 2023 and a record low of 79.40000 in February of 1988. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Iron Ore Mining - last updated from the United States Federal Reserve on July of 2025.

Cleveland-Cliffs raises HRC prices to $950 per ton for July, marking a 4.4% increase amid evolving market dynamics and past downturns.

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Product segmentation includes:Hot Rolled: Widely used in construction, automotive, and shipbuildingCold Rolled: Used in appliances, automotive components, and constructionDirect Rolled: Cost-effective option for structural applicationsTubes: Used in pipelines, boilers, and construction Recent developments include: In June 2023, Tata Steel Limited signed a memorandum of understanding with Germany’s SMS group in order to collaborate on a decarbonized steel manufacturing process. The firms will conduct more technical discussions and take steps to do a Joint Industrial Demonstration of SMS group's EASyMelt technology, as part of the MoU , In February 2023, Nippon Steel entered into a strategic agreement with Teck Resources Limited in order to acquire royalty interests and equity in Elk Valley Resources Ltd. The purpose of the investment is securing high-quality steelmaking coal, which is necessary for Nippon Steel's carbon-neutral goal, and building a profitable and sustainable consolidated company portfolio via greater investment in high-quality raw materials , In March 2023, ArcelorMittal declared that it had successfully acquired Companhia Siderúrgica do Pecém ('CSP') in Brazil for an estimated USD 2.2 billion in enterprise value, after receiving the necessary regulatory clearance. This acquisition offers notable financial and operational synergies and also paves the way for future growth opportunities such as the possibility of increasing primary steelmaking capacity , In March 2023, JFE Steel announced that it had increased the fatigue resistance of its AFD (anti-fatigue-damage) steel by creating a thin version of it. The thin-walled variant of AFD steel is anticipated to be used in a wider range of applications, including structural components of bridges that are vulnerable to cracking over time, and is ideal for minimizing aging-related maintenance and replacement costs in steel construction intended for long-term use , In May 2023, after performing a feasibility study, JFE Steel Corporation and JSW Steel Limited agreed to a fundamental arrangement to establish a joint venture firm for manufacturing grain-oriented electrical steel sheets (GOES) in India. By providing GOES for green energy network improvement projects, this venture seeks to support the expanding Indian economy , In January 2022, POSCO and the Adani Group agreed to explore prospects for commercial collaboration, including the establishment of an integrated steel mill designed to be environment-friendly in Mundra, Gujarat, alongside other businesses , In July 2022, BP p.l.c. and ThyssenKrupp Steel established a strategic partnership to aid in the decarbonization of steel, including the supply of renewable power and low-carbon hydrogen. They intend to promote policies in Europe that will aid in the development of low-carbon hydrogen and green steel . Key drivers for this market are: Rapid urbanization and population growth fuel demand for steel in residential and commercial construction, including skyscrapers, residential buildings, and commercial complexes.. Potential restraints include: Fluctuations in prices of raw materials such as iron ore and coal, essential for steel production, pose challenges in cost management and profitability for steel manufacturers.. Notable trends are: Adoption of advanced manufacturing technologies, including electric arc furnaces (EAF) and continuous casting processes, enhances production efficiency, reduces energy consumption, and lowers carbon emissions..

The Kazakhstan mining market, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 4.00%, presents a robust investment opportunity. Driven by increasing global demand for key minerals and metals, particularly in construction and renewable energy sectors, the market is poised for significant expansion through 2033. The country's rich reserves of coal, ferrous metals (primarily iron ore), and non-ferrous metals (including uranium, zinc, and copper) are fundamental to this growth. Key players like National Mining Company Tau-Ken Samruk JSC, Kazatomprom, and Eurasian Resources Group are major contributors, leveraging their established infrastructure and expertise. However, challenges exist, including fluctuating commodity prices, potential environmental regulations, and the need for continuous investment in advanced mining technologies and infrastructure upgrades to ensure sustainable growth and environmentally responsible practices. While precise market sizing data for 2025 is absent, projecting conservatively based on the provided CAGR and a hypothetical 2019 market value of $10 billion (a reasonable estimate given the industry context), a 2025 market size of approximately $12 billion is achievable. This projection assumes consistent growth aligning with the stated CAGR. Furthermore, the regional concentration within Kazakhstan indicates a strong potential for further market expansion through targeted infrastructural developments, improved resource exploration techniques, and diversification of export markets. The market's future trajectory is heavily dependent on global economic conditions and international demand for mineral resources. Government policies promoting sustainable mining practices and attracting foreign investment will also play a crucial role. Specific segment growth will vary, with coal likely facing pressure from environmental concerns, whilst metals essential for green energy technologies, such as copper and zinc, experience accelerated growth. The ongoing development of Kazakhstan's mining sector is closely tied to its economic stability and its ability to attract and retain skilled labour and technological expertise. Strategic partnerships and investments in research and development are key to fostering innovation and maintaining a competitive edge in the global market. Recent developments include: In July 2022, Kazakhstan exported 2.85 million tons of coal and coke to the European Union (EU) countries since the beginning of this year, as its coal is suitable for their power plants. Kazakhstan exported an average of 0.81 million tons of coal to EU nations in the previous year. From January to June 2022, Kazakhstan produced 57.4 million tons of coal, 5.9% more than a year earlier, with a profit of 271 billion tenges (USD 564 million).. Notable trends are: Coal Mining to Dominate the Market.

During licence year 6, the commencing year of renewed EL 3895 Cutana, no work took place because Havilah's RC drilling rig, along with all company personnel, were fully occupied on completing the mining feasibility evaluation drilling programmes... During licence year 6, the commencing year of renewed EL 3895 Cutana, no work took place because Havilah's RC drilling rig, along with all company personnel, were fully occupied on completing the mining feasibility evaluation drilling programmes required at the Kalkaroo and Mutooroo deposits, so again the planned exploratory drilling along strike from Radium Hill was postponed. In order to rectify this performance shortcoming, earlier in 2008 a joint venture agreement was signed with Canopus Resources Limited, a company who Havilah believed possessed sufficient personnel and resources to both meet the past accumulated and ongoing expenditure commitments, and would comprehensively explore the tenement in the coming year. But no work could be carried out immediately by Canopus Resources, pending stamping of the agreement by Revenue SA and then receipt of written ministerial approval, the latter occurring at the end of the annual reporting period. During licence Year 7, Havilah undertook a surface soils radon gas emanometry geochemical survey to better define areas of buried anomalous uranium as drill targets. In July 2009, 675 readings were taken in a location approximately 2.5 km south of the Radium Hill mine, over a broad southwards flowing contemporary drainage system. The radon readings were made at 25 m intervals along E-W lines spaced 50 m apart, using an electrostatic method of detection. Some localised coherent anomalism in radon flux was observed, coincident with the current active stream channel, while some patchier anomalism was seen along the eastern margin of the survey area. During licence Year 8, Havilah undertook an RC drill program targeting stratiform iron ore within Adelaidean metasediments, consisting of 15 northwards inclined holes drilled along three north-south traverses, for a total penetration of 1116 m. The holes were spaced 25-50 m apart, and were drilled to depths ranging from 57 m to 118 m. Their concealed target was a prominent, generally east-west striking, magnetic feature interpreted (from available airborne magnetic data) to represent the Sturtian Braemar Iron Formation. While drilling was in progress, 1-metre bulk RC drill cuttings samples (weight 10-20 kgs) were collected in large plastic bags under a cyclone, which was cleaned at the end of each run of 6 metre-long drill rod to minimise contamination. The bulk samples were then scanned with a portable Niton XRF spectroscopic analyser to gauge their approximate average iron content. 308 composite 3-metre depth interval samples were submitted for laboratory multi-element assaying, also by XRF spectrometry. Selected drillhole sample depth intervals having high magnetic susceptibility were also sampled for Davis Tube Recovery (DTR) analysis to determine recoverable magnetite concentrations at a range of grind sizes. The DTR samples were composited generally over 5-metre intervals using subsamples collected from riffle split 1-metre samples. A total of nine such composite samples were submitted for DTR analysis. Most of the holes made broad intercepts of moderate grade iron ore, including 83 m @ 36.5% Fe and 32 m @ 42.4% Fe encountered in hole CTRC015. The magnetite-bearing sediments of the Braemar Iron Formation vary from massive, weakly bedded ironstones, to magnetite siltstones, to magnetite-bearing tillites with coarse erratics. The depth to base of magnetite weathering/oxidation (based on magnetic susceptibility readings taken from all of the drill cuttings at 50 cm intervals) ranges from 15 to 50 m, and loosely parallels the geologically logged oxidation and weathering profiles. Examinations made of outcrops of surrounding sediments suggested that the buried Braemar strata were likely to dip steeply southwards, while the subsequent close-spaced RC drilling done on two of the traverses indicated a shallower dip of 30º to the south. To assist with the planned imminent conduct of mining prefeasibility studies, these initial drillholes will be followed up with additional ones designed to gather data to allow definition of a JORC-compliant indicated iron ore resource. During licence Year 9, Havilah continued exploratory RC drilling of the Adelaidean bedrock in the south of EL 3895, again targeting the Neoproterozoic Braemar Iron Formation. A total of 53 inclined holes (CTRC016 - 068) for 5617 m were completed. At the start of the latest campaign, the drill hole sitings were designed to follow up promising mineralised intercepts obtained on several traverse lines from the previous year. Once it became evident that a significant body of iron ore was present, the drillholes were stepped out in three directions in order to define the limits of the shallow ore and the geometry of the deposit, which emerged as a large shallow flat slab of iron ore. Holes spacing ranged from 40-125 m, with hole depths ranging from 36 m to 162 m. Downhole sampling methods were as described already. Appreciable thicknesses of Braemar Iron Formation were intersected in most drillholes during the latest campaign, frequently with little overburden or waste present. A geological model was developed for the Maldorky iron ore occurrence based on its drilling data, which formed the basis for an initial JORC resource estimate made using Vulcan 3D software, of an Indicated Mineral Resource of 147 Mt @ 30.1% Fe at a cut-off grade of 18% Fe. During licence Year 10, Havilah undertook RC drilling to explore for copper mineralisation at the Wilkins prospect. 17 inclined holes (WKRC001 - 017) for 2284 m drilled over the period June to August 2012 explored a known granite-hosted mineralised quartz-magnetite vein system which had been identified there by MIM Exploration in 1996, when that company was following up regional copper soil anomalies. The latest drilling confirmed features of part of the vein system that contains a copper-mineralised zone dipping approximately 70° towards the north and striking at 070° True, but further drilling is required to understand the extent of this mineral occurrence, and how it relates to several nearby linear magnetic anomalies. Hole WKRC03 produced the highest grade intercept of 149 m @ 0.37% Cu + 0.245 g/t Au. The copper is found as a primary sulphide in the form of chalcopyrite, which is intimately associated with magnetite, so the veins' copper content is greatest where the iron content increases. In other concurrent work, diamond drilling was undertaken at the Maldorky iron ore deposit and surrounding prospect to acquire samples for metallurgical testing, and to gain structural information. 4 angled HQ3 cored holes (CTDD001 - 004) for 453.8 m were completed during September 2011. Niton XRF readings of iron content and potential ore contaminant species, made using a Niton XL2 unit, were carried out on all 1 m bulk samples. Three x 15 second readings were collected and then averaged for each sample. Downhole core orientation surveying was carried out using a Camteq Multishot digital survey camera, with readings collected every 30 m. Drill core magnetic susceptibility readings were collected every metre using a KT-9 unit. During licence Year 11, on renewed EL 5179, Havilah undertook an RC drilling program targeting Neoproterozoic sediment hosted stratiform iron ore at the Grants Prospect in the east of the tenement. A total of 17 RC holes (GTRC020, GTRC025-039, GTRC041) for 1525 m, drilling was completed in conjunction with drilling on neighbouring EL 4200 [ENV11045 CNO:2039483]. The Grants target is a prominent, generally east-west striking, magnetic feature interpreted to represent the Braemar Iron Formation, with the drilling program designed to test the depth and grade of lateritic caps situated across 3 different hills. The drilling showed that the lateritic caps are 5-8 m deep and generally sit on top of Braemar Formation ironstone and appeared to define the geometry of the mineralisation to be a possible synclinal trough shape with beds dipping inwards at approximately 45 degrees. Drill chips were analysed at the time of drilling via the Niton Portable XRF, with intervals of interest resampled as 3 m composite samples for laboratory fusion/XRF analysis (397 samples submitted for analysis). In the 2017 reporting year, Havilah progressed the feasibility study for the Maldorky Iron deposit on EL 6041. A desktop review of historical data for the Mutooroo Project Area was undertaken. Four tenements proximal to the Mutooroo Project Area were purchased from Minotaur Operations Pty Ltd (Minotaur) on 09 February 2017, EL5437 (Woodville Dam), EL5502 (Collins Tank), EL5831 (Bonython Hill) and EL5848 (Mingary), were officially transferred to Havilah Resources Limited on 7th June 2017. The amalgamated tenements are now referred to as the “Curnamona South Project”. In the 2018 reporting year Havilah completed extensive compilation of open file data and undertook surface sampling across the Mutooroo Project area. SIMEC Mining commenced due diligence on Havilah’s iron ore assets: Maldorky and Grants Iron Ore Resource, and the Grants Basin Prospect, with a drilling program completed at the Grants Basin Prospect and Maldorky Resources. The compilation of Open File Data saw 12,153 soil, rock, auger soil and steam sediment samples collated across the Mutooroo Cu-Co project area. The need to validate the results obtained with ground truthing and to see if the elevated ironstone results were due to mineralisation or the result Fe/Mn scavenging led to the development of a regional sampling program. Reconnaissance orientation soil and lag sampling at two known locations of Mutooroo Style mineralisation indicated that soil was windblown, and that ironstone lag would be the most effective tool. A