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Geologists Reveal World’s Biggest Iron Deposit Worth $6 Trillion Set to Impact Global Economy

Issued at 2025-06-05



A massive iron ore deposit has been uncovered deep in Western Australia, with unexpected implications for global markets and geology. This find challenges long-held scientific beliefs and could shift the balance of the mining industry.


Aerial Drone Photo From The Construction Of An Industrial Sand Quarry In A Forest
Aerial Drone Photo From The Construction Of An Industrial Sand Quarry In A Forest. Credit. Shutterstock | The Daily Galaxy --Great Discoveries Channel

In a remote part of Western Australia, geologists have uncovered a mineral deposit of staggering size—one that promises to rewrite not only the map of global iron production but also our understanding of Earth’s geological history. The Hamersley region, already known for its rich mineral resources, now hosts what scientists say is the largest iron ore deposit ever recorded, containing roughly 55 billion metric tons of ore with iron concentrations exceeding 60 percent.

This massive find, valued at nearly $6 trillion, marks a significant moment for the global mining industryDr Liam Courtney-Davis, a geologist at Curtin University who has been closely involved in the research, published in the journal Proceedings of the National Academy of Sciences, suggests that entire chapters of mineral formation and large-scale geological processes may need rewriting.

The size and quality of the deposit could influence international iron prices and reshape trade relations, particularly between Australia and major iron consumers such as China.

A Vast Resource in the Heart of the Pilbara

The deposit lies in the Pilbara region, a vast, arid expanse in Western Australia long celebrated as one of the world’s richest mineral provinces. Hamersley’s iron ore has been mined for decades, but recent advances in technology and analysis led to this unprecedented discovery. The area’s geological formations have revealed evidence of iron accumulation far beyond previous estimates.

According to the research team, traditional dating techniques once placed these formations at around 2.2 billion years old. However, recent isotopic analysis, including uranium and lead isotope studies, revised that age to about 1.4 billion years. This shift has significant implications for understanding the region’s geological past, particularly how ancient supercontinent cycles influenced mineral deposits.

Associate Professor Martin Danisík, a geochronologist involved in the study, noted, “The discovery of a link between these giant iron ore deposits and changes in supercontinent cycles improves our understanding of ancient geological processes.” The findings suggest that the dynamic movements of Earth’s crust millions of years ago created the conditions for these immense mineral concentrations.

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Geologic map of the Pilbara craton with sample locations marked by blue stars (Left). Stratigraphic column (Right) showing the Hamersley Group, whichhosts all martite- microplaty hematite deposits and overlying groups hosting hematite ore clasts. Credit: Proceedings of the National Academy of Sciences

Technology Reveals Hidden Depths

Modern techniques were pivotal in this discovery. The team employed cutting-edge isotopic dating and chemical analyses that allowed them to detect not only the size but also the exceptional quality of the ore. Earlier estimates suggested the iron content was closer to 30 percent, but the new data showed levels exceeding 60 percent, making this deposit one of the richest ever found.

These methods have also provided insights into the processes that transformed the mineral over billions of years, offering a clearer picture of how such deposits form. Dr. Courtney-Davis emphasized that these advances are more than academic: “They pave the way for more efficient and environmentally responsible mining practices,” he said, pointing to the potential for reducing waste and improving extraction methods.

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Scanned images of every hand specimen (Left) and the corresponding one-inch round polished block extracted from the hand specimen (Right).Samples A and B are derived from conglomerate beds and C–H from active martite-microplaty hematite deposits. The banding visible in most samples is a relicfrom the original BIF bedding. Sample G from the Channar deposit is distinct from all other samples as it has been recrystallized via contact metamorphism.Sample (H) contains fine interbedded orange goethite. Credit: Proceedings of the National Academy of Sciences

Shifting the Global Mining Landscape

Australia already holds a dominant position in the global iron market, but this discovery reinforces its influence. The sheer scale of the deposit will likely affect iron ore prices worldwide and alter the economic and strategic relationships between countries reliant on iron imports.

Beyond economic impacts, the deposit challenges long-standing assumptions about Earth’s geological development. As scientists continue to study the region, they hope to uncover more about the processes that shaped our planet’s surface and its mineral wealth.

With this discovery, the boundaries of what is known about mineral formation are expanding, opening the door to further exploration and possibly revealing other vast deposits hidden in similar geological settings around the world.


Source: dailygalaxy.com