Geologists have discovered the world’s largest iron ore deposit in the Hamersley Basin, Western Australia, with an estimated 55 billion metric tons of high-grade ore (60%+ iron content).
Valued at over $6 trillion, this find is not only economically significant but also geologically groundbreaking.
Scientific analysis revealed the deposit is about 1.4 billion years old, younger than previously thought, reshaping our understanding of Earth’s mineral formation.
The discovery could transform global mining, stabilize iron prices, and further solidify Australia’s dominance in the iron ore market.
However, full-scale extraction will depend on environmental approvals and further development plans.
Geologists have discovered the world’s largest iron ore deposit in the Hamersley Basin, Western Australia, with an estimated 55 billion metric tons of high-grade ore (60%+ iron content).
Valued at over $6 trillion, this find is not only economically significant but also geologically groundbreaking.
Scientific analysis revealed the deposit is about 1.4 billion years old, younger than previously thought, reshaping our understanding of Earth’s mineral formation.
The discovery could transform global mining, stabilize iron prices, and further solidify Australia’s dominance in the iron ore market.
However, full-scale extraction will depend on environmental approvals and further development plans.
