Gindalbie Metals (ASX:GBG) has marked a milestone, producing premium grade 68% Fe magnetite concentrate at its Karara Project in Midwest region of Western Australia.
Gindalbie is developing the world-class Karara Project, 200 kilometre east of Geraldton, in joint venture with Ansteel, China’s second-largest steel maker and biggest iron ore producer. The project consists of a substantial, long-life, magnetite concentrate operation with a smaller-scale supporting hematite operation.
Significantly, the company has also completed all nine key areas of the Concentrator with the commissioning of the final polishing circuit currently underway.
The project is on track for the the ramp up towards nameplate throughput capacity of 8 million tonnes per annum of magnetite concentrate, and it is expected that the steady state production at nameplate capacity will be achieved in the December quarter.
The Karara project has already completed 80 shipments since the start up in October 2012, with product comprising 3.5 million tonnes of direct shipping ore (DSO) and 1.3 million tonnes of magnetite concentrate.
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