Australia's iron ore reserves and resources are in both hematite and magnetite ores. Because of the high average grades (% Fe) of hematite ores when compared to the average grades for magnetite ores, it is necessary to report national resources in terms of contained iron.
Overview Oceanic is focused on the development of the Ungava Bay iron properties. These properties comprise 3,703 claims over three project areas, namely Hopes Advance, Morgan Lake and Roberts Lake, which are located over 1,568 km 2 along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec.
Iron ore pellets and Pelletizing processes. Pelletizing is a process that involves mixing very finely ground particles of iron ore fines of size less than 200 mesh with additives like bentonite and then shaping them into oval/spherical lumps of 8-16 mm in diameter by a pelletizer and hardening the balls by firing with a fuel.