Iron Ore In New Guinea
p. 65 · Read in the full issue
A DEPOSIT of iron ore is known to exist on New Britain (Mandated Territory of New Guinea), but the full extent of the deposit is not known (according to an official statement made in Canberra).
The deposit has been examined by of ficial geologists and by private enter prise. In 1936 the geologist of the New Guinea Administration reported on the deposit, and stated: “Outcrops of high grade magnetite ore occur in several places. Owing to the absence of develop mental work, even surface costeaning, it is difficult to form an estimate of the true extent of the ore bodies”.
Sir Walter McNicoll (Administrator of New Guinea) said in Sydney that these iron deposits were poor and apparently of little value.