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Recovery and grade are the two crucial performance parameters commonly used in mineral processing plant operations. These two parameters are interdependent. An increase in recovery would result in a decreased product grade and vice versa. The present study enumerates concentration efficiency (CE),which can be adopted exclusively for processing low-grade hematite ore by WHIMS—the reverse flotation route to produce a pellet grade concentrate. In this study, the ore’s amenability by wet high-intensity magnetic separation followed by the reverse flotation of a magnetic concentrate route is investigated on BHQ samples of the Sandur schist belt (Kumaraswamy hills), India, after its characterization by microscopic and XRD studies. Dodecyl amine acetate was used as a collector to float siliceous gangue while depressing hematite using the freshly synthesized caustic starch as a depressant. The separation efficiency of the flotation was evaluated by estimating the grade, recovery, and concentration efficiency. The WHIMS conducted using the feed with the particle size minus 106 µm (d₈₀ = 82 µm) followed by reverse flotation produced a pellet grade concentrate assaying 64.60% Fe, a 0.32 alumina-to-silica ratio with 60.4% Fe recovery, and a yield of 37.4% with 79.0% concentration separation efficiency.