Analysis of the current technical solutions for the processing of iron ores showed that the high-grade ores are directly exposed to metallurgical processing; by comparison, low-grade ores, depending on the mineralogical and material composition, are directed to beneficiation including gravitational, magnetic, and flotation processes or their combination. Obtaining high-quality concentrates with high iron content and low content of impurities from low-grade iron ores requires the maximum possible liberation of valuable minerals and a high accuracy of separating features (difference in density, magnetic susceptibility, wettability, etc.). Mineralogical studies have established that the main iron-bearing mineral is hematite, which contains 69.02 to 70.35% of iron distributed in the ore. Magnetite and hydrogoethite account for 16.71-17.74 and 8.04-10.50% of the component, respectively; the proportion of iron distributed in gangue minerals and finely dispersed iron hydroxides is very insignificant. Iron is mainly present in the trivalent form - Fe2O3 content ranges from 50.69 to 51.88%; bivalent iron is present in small quantities - the FeO content in the samples ranges from 3.53 to 4.16%. The content of magnetic iron is 11.40-12.67%. Based on the obtained results by the investigation of the features of magnetite-hematite ores from the Mikhailovskoye deposit, a technological scheme of magneto-flotation beneficiation was proposed, which allows producing iron concentrates with 69% of iron content and less than 2.7% silicon dioxide for the production of pellets with subsequent metallization.