Browns polymetallic ore deposit "sulfide" resources. The oxide resources consist of supergene or weathered sulfide ore where the ore mineralogy is dominated by metal oxides, hydroxides, clays and carbonates after the original sulfide mineralogy. The Browns deposit is currently being developed as a major base metals mine by Compass Resources NL, an Australian public company, in joint venture with Hunan Nonferrous Metals Corporation, a Chinese government company. The mine is due to be complete in August 2008, after suffering cost escalation and construction delays, and will produce 15,000 tonnes of copper, 4,000 tonnes of cobalt and 4,000 tonnes of nickel per annum, with a
Iron ore magnetite resources is irrelevant as a banded iron formation can be hundreds of meters thick, extend hundreds of kilometers along strike, and can easily come to more than three billion or more tonnes of contained ore. The typical grade of iron at which a magnetite-bearing banded iron formation becomes economic is roughly 25% iron, which can generally yield a 33% to 40% recovery of magnetite by weight, to produce a concentrate grading in excess of 64% iron by weight. The typical magnetite iron-ore concentrate has less than 0.1% phosphorus, 3–7% silica and less than 3% aluminium. Currently magnetite iron ore