Mount Gibson buys Gindalbie's Shine

GINDALBIE Metals has agreed to sell its Shine hematite project in Western Australia to Mount Gibson Iron for $A15 million plus a price participation royalty.

Mount Gibson buys Gindalbie's Shine Mount Gibson buys Gindalbie's Shine Mount Gibson buys Gindalbie's Shine Mount Gibson buys Gindalbie's Shine Mount Gibson buys Gindalbie's Shine

The 6.5sq.km project area holds a resource of 6.1 million tonnes grading an average of 59.8% iron and has been characterised as "robust" by Gindalbie's feasibility work.

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