Recovering valuable metal from tailings has always been one of national resource comprehensive utilization key research subjects. There are copper-bearing magnetite which contains 43.31% of iron and 0.21% of copper in some places. After grinding-low intensity magnetic separation-flotation process can get 68.87% of iron concentrate with recovery 64.39% and copper concentrate which contain copper 12.67% with recovery of 75.30%. The experiment results will provide an effective way to comprehensive utilize the resource in one area.