In this study, segregation roasting and magnetic separation are used to extract nickel from a garnierite laterite ore. The garnierite laterite ore containing 0.72% Ni, 0.029% Co, 8.65% Fe, 29.66% MgO, and 37.86% SiO 2 was collected in the Mojiang area of China. Garnierite was the Ni-bearing mineral; the other main minerals were potash feldspar, forsterite, tremolite, halloysite, quartz, and kaolinite in the garnierite laterite ore. The iron phase transformations show that nickel is transformed from (Ni,Mg)O·SiO 2 ·nH 2 O to a new nickel mineral phase dominated by [Ni]Fe solid solution; and iron changed from Fe 2 O 3 and FeOOH to a new iron mineral phase dominated by metal Fe and Fe 3 O 4 after segregation roasting. Ferronickel concentrate with Ni of 16.16%, Fe of 73.67%, and nickel recovery of 90.33% was obtained under the comprehensive conditions used: A roasting temperature of 1100 • C, a roasting time of 90 min, a calcium chloride dosage of 15%, an iron concentrate dosage of 30%, a coke dosage of 15%, a coke size of −1 + 0.5 mm, a magnetic separation grinding fineness of <45 µm occupying 90%, and a magnetic separation magnetic field intensity of H = 0.10 T. The main minerals in ferronickel concentrate are Fe, [Ni]Fe, Fe 3 O 4 , and a small amount of gangue minerals, such as CaO·SiO 2 and CaO·Al 2 O 3 ·SiO 2 .