The nano magnetic materials have been extensively studied because of their technological application and their new challenging magnetic transport properties.[1] The development of new methods for the preparation of samples such as magnetron sputtering, melt spinning, and mechanical alloying opens up new possibilities for the synthesis of non-equilibrium phases and nanocrystalline materials with new physical properties. The various synthesis procedures, which involve several treatment steps, were used to prepare metal particles [2]. The levitational gas condensation (LGC) method is one of physical approaches to fabricate nanoparticles [3]. This method is one approach to fabricate nanoparticles of metal powders in one step procedure, while the other methods have a little complex [4]. In this article, nickel and iron nanoparticles were synthesized by the LGC method and phase evolution and magnetic properties were investigated in details.
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