The invention relates to a production method of extremely fine lean 
magnetite. The production method is characterized by comprising the following steps that mineral aggregate with the particle size being not larger than 30mm is crushed to be 8-0mm through a high-pressure 
roller mill; water is added into the mineral aggregate with the particle size being 8-0 mm for size mixing till the 
solid mass concentration is 55%-60%, the mineral aggregate enters a wet screening 
machine with the screen mesh not exceeding 6 mm, the 
moisture of oversize return materials with the particle size larger than 6 mm is controlled to be within 8%, coarse-particle-size pre-selection tailing discarding is conducted on the mineral aggregate with the particle size smaller than 6 mm, and the 
magnetic field intensity is 4500 oersteds; the mineral aggregate with the particle size being smaller than or equal to 38 microns is mixed with water to form 
slurry; the 38-micron graded feeding 
mass concentration is controlled within 24.50%, and the graded product 
fineness P95 is equal to 38 microns; and the 25-micron graded feeding 
mass concentration is controlled within 20.00%, and the graded product 
fineness P95 is equal to 25 microns. According to the method, the ore 
grinding power index of the ore is greatly reduced, the ore 
grinding load and 
energy consumption are reduced, effective grading of 
superfine grinding narrow particle fractions is achieved, and 
metal loss is reduced.