The Koolan Island hematite mining operation is located approximately 140 kilometres north of Derby in Yampi Sound, off the northern Kimberley coast of Western Australia. Almost 70-million tonnes of high-grade (Fe @ 67%) iron ore were mined by BHP from Koolan Island from 1959 to 1993.
Koolan iron ore is very high quality and low in impurities. At 30 June 2012 Koolan Island had current resources of 68.9million tonnes @ 62.7% Fe, including reserves of 29.3million tonnes at 64.1% Fe. This resource is located within four deposits – Main Pit, Acacia, Mullet, and Barramundi.
Mount Gibson acquired the project through its successful takeover of Aztec Resources in early 2007. Hematite production at Koolan Island recommenced shortly after in early 2007 with the first shipment achieved in June 2007 and is currently producing approximately 3-million tonnes of ore per annum. Production commenced in the high-grade Main Pit deposit in late 2011, ahead of the completion of production from the Acacia, Mullet, and Barramundi satellite pits in 2012.
Export logistics are simple, with ore loaded directly onto Panamax vessels via the mine’s own ship loading facilities.
Koolan Island Weather
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