EXPLORATION & DEVELOPMENT

Mount Gibson boosts Koolan reserves by 50%

MOUNT Gibson Iron has delivered a 50% increase in reserves at the high-grade Koolan Island mine redevelopment to 21 million tonnes of 65.5% iron based on work at the eastern end of the pit. 

 The flooded Main Pit.

The flooded Main Pit.

The Main deposit has expanded from 12.8Mt at 66% Fe, with the additional 8Mt extending the mine life by around 18 months to five years.   Tapping into the additional reserves comes at a cost, up to...

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