The deposit contains 60-70% of iron atoms, in various iron oxides, silicates, oxides, carbonates, etc. It's not elemental iron. It has to be smelted to get elem

The deposit contains 60-70% of iron atoms, in various iron oxides, silicates, oxides, carbonates, etc. It's not elemental iron. It has to be smelted to get elemental iron. That's like saying seawater has 12.5% hydrogen. Technically true, but you need an awful lot of work to get that hydrogen into elemental form.