As the name suggests, magnetite is magnetic and preserves the magnetic field at the time at which it formed.
Just as magnetic basalt around mid-ocean ridges record the flips in orientation of the Earth's magnetic poles, leading to the discovery of tectonic plates and enabling the dating of important fossils, these magnetite veins record orientation relative to the poles.Although the magnetic measurements can only compare movements compared to the magnetic poles, the paper's authors maintain this was true polar wander, with the whole crust tilting compared to the Earth's axis of spin.