Koolan Island already cashflow positive

MOUNT Gibson Iron expects to capitalise on a high iron ore price as shipments from its restarted Koolan Island mine in Western Australia’s Kimberley region ramp up.

Koolan Island already cashflow positive Koolan Island already cashflow positive Koolan Island already cashflow positive Koolan Island already cashflow positive Koolan Island already cashflow positive

The Main pit at Koolan Island, off the Kimberley coast of WA

Mount Gibson sold 3.2 million wet metric tonnes of iron ore in the 2019 financial year, including 2.9Mt of high-grade direct shipping ore, for revenue of A$240 million free-on-board.

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