The evaluation of iron ore deposits involves several types of geological data additional to those normally collected in appraising other mineral deposits. In order to assist geologists who may be faced with the task, all of the various factors, both geological and non-geological, which can influence the viability of an iron ore resource are discussed. Essentially the procedure involves reducing of each of the items to a monetary value so that the pluses and minuses can be totalled. Thus, the relative economic potential of different deposits can be compared.

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