Gindalbie Metals Ltd

Gindalbie Metals marks a milestone with 68% Fe magnetite concentrate production at Karara


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.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Gindalbie Metals Ltd

Price: £0.00

Market: ASX
Market Cap: £0.00

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Northern Minerals reveals talks with US government agencies,...

Northern Minerals Ltd (ASX:NTU) CEO George Bauk tells Proactive he recently met US government agencies, who he says wanted to get a better sense of the Australian company's progress with its dysprosium production, and its strategy going forward. Bauk is currently in New York meeting with...

3 days ago

2 min read