This interesting banded semiprecious gemstone lapidary material is called Tiger Iron.
Tiger iron comes from the Brockman Tiger Eye Mine in the Ord Ranges near Port Hedland in Western Australia's Pilbara region. The deposit only covers a small area in a harsh and rocky range of low hills that supports almost no vegetation other than the spiky spinifex grass.
Tiger Iron consists of Red Jasper, Hematite, and chatoyant golden Tiger's Eye.
It is a great example of a metamorphosed gemstone: More than 2 billion years ago, deposits of these three materials were slowly mashed together as tectonic plates shifted. The tremendous pressures on the original crystals resulted in the stones intricate, banded designs. Each stone can be seen distinctly in layers of gold, silver, brown and red.
Tiger Iron is a member of the Chalcedony branch of the Quartz family and therefore Tiger Iron cabochons take a great polish and are very durable.
Metaphysical Properties of Tiger Iron: Tiger Iron is said to help with creative endeavors and all types of artistic abilities. Tiger Iron is a stone of strength, stamina, and courage.