Mount Gibson Iron (ASX: MGX) — Company Overview, News & Financial Data
Mount Gibson Iron is an Australian iron ore producer focused on high-grade hematite, with key operations in Koolan Island.
Mount Gibson Iron
Mount Gibson Iron is an Australian mining and mineral exploration company focused on gold and base metals resources. Having operated as an iron ore producer for two decades, the company transitioned its primary focus to gold exploration and development in Western Australia and the Northern Territory. Its core asset interest includes a 50 percent unincorporated joint venture spanning over 2,100 square kilometres in the Central Tanami region, holding substantial historical gold deposits and existing processing and support infrastructure. In addition, the business maintains 100 percent owned exploration tenements in the surrounding region and conducts rehabilitation activities across its legacy mining sites.
Snapshot
Operations
Products and/or services of Mount Gibson Iron
- Gold Joint Venture Operations: Development of a 50 percent joint venture across more than 2,100 square kilometres in the Northern Territory, holding estimated mineral resources of 2.8 million ounces of gold across over 50 known deposits.
- Underground Gold Deposit Development: Advanced exploration decline construction and underground infill drilling at a high-grade deposit in the Northern Territory containing an estimated resource of 1.2 million ounces of gold at 3.3 grams per tonne.
- Regional Mineral Exploration: Exploration and evaluation activities across 3,600 square kilometres of 100 percent owned prospective tenements in the Tanami region of the Northern Territory, targeting new gold and base metals deposits.
- On-Site Infrastructure Management: Operation and maintenance of site infrastructure in the Northern Territory, including a non-operating 1.2 million tonne per annum processing plant, a 1.4-kilometre gravel airstrip, and a worker accommodation camp.
- Secondary Gold Deposit Evaluation: Mine planning and deposit evaluation for a secondary high-grade gold target in the Northern Territory containing an estimated mineral resource of 220,000 ounces of gold at 2.7 grams per tonne.
- Legacy Mine Site Rehabilitation: Environmental management, site monitoring, and land rehabilitation programs associated with historical iron ore extraction and bulk shipping operations previously conducted across multiple mining locations in Western Australia.
Mount Gibson Iron executive team
- Mr. Peter W. Kerr B.Comm, CA, F.Fin, M.AICD, M.AusIMMChief Executive Officer
- Ms. Gillian DobsonChief Financial Officer
- Mr. David J. Stokes A.C.I.S., B.Bus, L.L.B.Company Secretary & General Counsel
- Mr. John Phaceas B.A.Manager of Investor & External Relations