Itabirite, also known as banded-quartz hematite and hematite schist, is a laminated, metamorphosed oxide-facies iron formation in which the original chert or jasper bands have been recrystallized into megascopically distinguishable grains of quartz and the iron is present as thin layers of hematite, magnetite, or martite (pseudomorphs of hematite after magnetite).US Bureau of Mines Dictionary of Mining, Mineral, and Related Terms.