Mount Gibson To Enjoy Jacked Up Sales From Koolan Island Development

Mount Gibson Iron anticipates an increase in ore sales from the Koolan Island operation in Western Australia after a strong first quarter this financial year.

The company declared an ore sales guidance of 2.8–3.3 million wet metric tonnes at a cash cost of $60–$65 per wet metric tonne free on board (FOB) for the period.

Mount Gibson chief executive Peter Kerr said the company expected sales from Koolan Island to range between 1.8 and 2.1 million wet metric tonnes this financial year, weighted to the latter part of the June half.