Hi Ken,
 
> Here is her story,
> "I picked this up in country New South Wales in a National Park Wilderness area.
> It is unlike any surrounding rocks or any that I have seen in that district. ...
> The area is mostly volcanic basalt overlying granidiorite and some granitic areas.
> This may be terrestrial iron, but if so, it perhaps may have become airborne from
> the volcano?, as it is oriented and has a rollover lip. It is heavier than other rocks
> of similar size, but not considerably so, (125 gms), and it is slightly magnetic,
> but not considerably so.
 
Only "slightly magnetic", and density is far too low to be iron.  Therefore definitely
hematite.  It will streak blood red.
 
--Rob

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