Ore be processed and what ore is of too low a grade to be worth mining. Metal ores are generally oxides, sulfides, silicates, or native metals (such as native copper) that are not commonly concentrated in the Earth's crust, or noble metals (not usually forming compounds) such as gold. The ores must be processed to extract the elements of interest from the waste rock and from the ore minerals. Ore bodies are formed by a variety of geological processes. The process of ore formation is called ore genesis. An ore deposit is an accumulation of ore. This is distinct from 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