Mineral dry density separation behavior (mineral beneficiation) involves segregation of high density particles and low density particles in the feed, i.e., in nutshell, mineral dry density beneficiation is density segregation in physics terms. In dry beneficiation, this density segregation is achieved using air as fluidized medium. Density segregation on dry separators can be achieved in two ways: (1) using minimum fluidization velocity differences and (2) using terminal velocity difference between different density particles. Dry separators based on minimum fluidization velocities follow two steps for dry beneficiation: (1) vertical density stratification and (2) horizontal segregation. Particles due to buoyancy, drag and gravitational forces get vertically density stratified and later frictional, gravity and external (vibrational, etc.) forces horizontally segregate different density particles. Dry separators based on terminal velocities follow single step for dry beneficiation of mineral, and air velocity in this type of dry density separators is maintained between terminal velocity of high density and low density particles. Velocity of air is higher for low density particles, which leads to higher drag and buoyancy forces to get pushed out of system with air and get collected at further distance than high density particles leading to density segregation. Mathematical models have been developed using force balance on particles and simulated in MATLAB for both type of separators to explain the physics of separation. Solutions to the simulated mathematical model equations are the particle trajectories of different density particles in the two dry separators. Iron ore is used as feed for studying separation futures in mathematical modeling on dry separators.