https://www.britannica.com/place/Iron-KnobIron Knob, town, northeastern Eyre Peninsula, South Australia,
247 miles (397 km) northwest of Adelaide by rail.
It is the centre for one of the richest deposits of iron ore in the Southern Hemisphere.
Mining rights were acquired in 1897, and in 1901 the Broken Hill Proprietary Company, Ltd.
https://en.wikipedia.org/wiki/Iron_KnobMine closure and re-opening
Quarrying for iron at Iron Knob and Iron Monarch ended in 1998.[28] When the quarrying stopped, the town population declined to 200[29] and Iron Knob was under threat of becoming a ghost town. However, due to rising prices of housing elsewhere, the town has attracted new residents seeking low cost residences. A home could be purchased for approximately A$35,000–70,000 and vacant land could be purchased for less than A$15,000.
In 2010, Onesteel (later Arrium) announced that it would return to Iron Knob to reopen the Iron Monarch mine.[28] The Iron Monarch mine was prepared for reopening by Arrium in 2013.[30] As of 2015, both Iron Monarch and Iron Duke continue to produce iron ore for export and for smelting at the Whyalla Steelworks.