The rediscovery and recognition of the magnetite potential of the iron mineralisation at the Hawsons Project area 60 km south of Broken Hill has the potential for the development of a new series of magnetite iron-ore operations across the Braemar Iron Formation in New South Wales and South Australia. Despite the low-grade of 16 per cent magnetite, the Hawsons project feasibility studies are indicating a positive business case for a large-scale 20 Mt/a of magnetite project for the following reasons: The mineralisation is on a huge scale, with a major potential for increases beyond the already very large established resource of 1.4 Bt. The mineralisation is particularly soft for crushing and grinding, with a Bond work index of 6.3 and an overall comminution power requirement of 6.7 kWh/t of ore. This equates to 39 kWh/t of concentrate which is significantly less than for similar projects. The mineralisation fractures easily, preferentially along grain boundaries. Location is close to mining infrastructure and a skilled workforce at Broken Hill, 60 km to the northeast. It is close to road and rail infrastructure for access to the resource. A high-grade, clean magnetic concentrate can be produced, with the only contaminant being silica.The deposit is a sedimentary siltstone which is considerably different to other known magnetite deposits. This caused significant differences in Davis Tube Recovery (DTR) results between laboratories so that the softness of the ore has required a close focus on, and changes to the laboratory procedures. A DTR procedure has been developed to provide consistent results across the deposit.Crushing and grinding test work has established a clear advantage in the use of the high-pressure grinding rolls (HPGR) crushing and grinding circuit for this particular ore. The power required for comminution using the HPGR crushing circuit is about half the power required for the Autogenous milling circuit.Therefore, despite the low magnetite grades, the Braemar Iron Formation in New South Wales and South Australia has the potential be a new magnetite iron ore province.