  We propose a quantum-enhanced iterative (with $K$ steps) measurement scheme
based on an ensemble of $N$ two-level probes which asymptotically approaches
the Heisenberg limit $\delta_K \propto R^{-K/(K+1)}$, $R$ the number of quantum
resources. The protocol is inspired by Kitaev's phase estimation algorithm and
involves only collective manipulation and measurement of the ensemble. The
iterative procedure takes the shot-noise limited primary measurement with
precision $\delta_1\propto N^{-1/2}$ to increasingly precise results
$\delta_K\propto N^{-K/2}$. A straightforward implementation of the algorithm
makes use of a two-component atomic cloud of Bosons in the precision
measurement of a magnetic field.
