Magnetite (IMAGE) Carnegie Institution for Science Caption Magnetite is an abundant magnetic mineral. It was used by early navigators to find the magnetic North Pole and birds use if for their navigation.There is intense scientific interest in its properties. Credit Image courtesy © 2000 John H. Betts Usage Restrictions Must obtain permission from copyright holder to publish in any form. License Licensed content Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.