what is magnetite??

All the answers given above are correct, though, in parts. For a simple answer, you can write:
Magnetite is an ore of iron which has magnetic properties. It is also called as lodestone. It's chemical formula is Fe3O4.

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magnetite is the magnetic ore of iron.

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Magnetite is a naturally occurring iron mineral. The formula of magnetite is Fe3O4.

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Magnetite is also known as natural magnet found usually in thick forests and also has the property of attracting magnetic substances like iron, cobalt and nickel.

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magnittite or lode stone was first found in greece . it was found in magnisiya( this is how magnet got its name)

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magnitie is a magnetic rock which was found in magnesia by the people of magnesia . magnetite is a natural magnet it is also called as lode stone.

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Magnetite is an ore of iron which has magnetic properties. It is the world's first magnet.

It is also called a natural magnet. Fe3O4 is its chemical formula.

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