The Gazestan magnetite-apatite deposit is one of Kiruna-type deposits located 78 km from Bafgh in the province of Yazd, in the Bafgh Posht-e-Badam district, southeast of Iran. In the mining region of Bafgh, volcanic rocks and Precambrian volcano-sedimentary are the main host of iron-apatite deposits. Iron deposits are essentially located in Bafgh region inside the green acidic metamorphic rocks. Volcanic rocks are basically rhyolite and rhyodacitic and the sedimentary units are mostly made of dolomite. Rock units of the region belong to the Rizzo series. The Bafgh apatite compounds are fluoride-type and seen in the monazite mineral. The similarity of the rare earth elements pattern in all samples indicates the magma source. The most amount of rare earth elements in the Gazestan deposit include 7766.25 ppm and the most amount of Th is equal to 65.1 ppm and U is equal to 8.33 ppm. The most amount of P2O5 s equal to 26.5 wt% and Fe is equal to 61.3 wt%. Also, it can be concluded that due to their high correlation with rare earth elements, the deposit is of Uranium Thorium-bearing type.