WA Investments

Yogi Magnetite Iron Ore Project

Direct Investment Mining & METS Mid West

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Seeking investment value of $251 - $500 million

Project Summary (Excerpt)

The Yogi Operation is a large-scale iron ore magnetite project designed to produce high-quality magnetite concentrate. The mine will extract approximately 310 Mt of iron ore with a strip ratio of 1.7–1.9:1, supporting an annual mining rate of about 54 Mt. Around 20 Mt of ore grading 29–31% Fe will be processed each year to produce 5 Mt of premium magnetite concentrate grading 66–67% Fe with low impurities.

The processing plant will use two 2.5 Mtpa magnetite separation units, applying FIJV’s proven magnetite recovery technologies. Concentrate will be transported via slurry pipeline to the Port of Geraldton, with extensive water recycling achieving approximately 76% water recovery. The project has secured environmental and mining approvals as well as a water licence.

Project Description

The CAPEX for EX-Works product delivery is around USD 540 million

Investment Opportunity Details

The total investment amount will be returned after approximately 4.3 years.
The internal rate of return (IRR) is well above 20%.

Investor information

Financial information

Investment sought: $251 - $500 million

Project website:

https://fijv.au/yogi-magnetite-mine

Project information

Project highlights:

The total investment amount will be returned after approximately 4.3 years.
The internal rate of return (IRR) is well above 20%.

Project timeline:

Expected start date:
01 July, 2027

Expected end date:
30 December, 2030

Funding round finish date:
01 September, 2026

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