Australia Discovered a Giant Iron Ore Deposit Worth $6 Trillion

Published: Aug 29, 2025 11:20

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A massive iron ore deposit worth $6 trillion was discovered in Australia. Geologists made a historic discovery in the Pilbara region of Western Australia, uncovering what is now considered the world's largest iron ore deposit. Located within the renowned Hamersley Ranges, the deposit is estimated to contain approximately 55 billion mt of high-grade ore. This unprecedented find boasts iron concentrations exceeding 60%, making it not only vast in quantity but also one of the richest iron deposits ever recorded.

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