Geophysical studies are utilized as one of the main steps in exploration that must be performed before exploratory drilling due to the high cost of excavation and its related heavy machinery and reduction of the exploration cost. One of the most critical geophysical issues in estimating the physical and geometric parameters is the store carrying out using the residual magnetic anomaly reduction. These parameters include depth, volume, shape factor, and type of storage. The present geophysical study aims to prepare and model magnetic data for proposed drilling sites in the Baba Ali Iron ore deposit in the Hamedan province of Iran. Inverse modeling is one of the most efficient interpretive methods of potential field data. In this study, the Bhattacharya method in MATLAB software is used to minimize the target function and potential field data to create the best fit for magnetic data. In this modeling, the graphs of the residual anomaly and model showed an excellent conformation two-dimensionally. Also, 3D modeling reconstructs the properties of the productive resources of anomalies correctly. After preparation of total magnetic maps, it was found out that the magnetic lens in four anomalies with surface depths of 20, 50, and 50 meters is estimated for this zone. Their specific gravity was 4.77 t / m3, and their initial storage capacity was 95,400 tones at most. Also, exploratory excavation is proposed to complete the preliminary explorations of the specified region by inverse modeling for the three points.