AbstractDip and magnetic susceptibility of very deep magnetic plates can be estimated approximately from either vertical, horizontal or total field measurements. A general accuracy of 2–5 degrees is easily obtained, if the other plate parameters, most notably horizontal position of the plate, are precisely determined. For reliable interpretation, measurements around the anomaly maximum or on the dip‐side flank of the anomaly should be preferred. The depth extent of the plates must be great, some ten times the plate width at least.The method is best suited to form a part of a plate interpretation scheme, where the other plate parameters are found by some other suitable means. The method can be applied to a simultaneous determination of dips of several plates, but because of its error sensitivity an iterative formulation should then be preferred.