Mount Gibson is an established producer of high-grade hematite ore, with three operations in Western Australia. Cumulative group ore sales exceeded 50 million tonnes in April 2014, two months after the Company celebrated its tenth anniversary of ore sales.
In 2004, the Company’s 100% owned and operated Tallering Peak hematite mining operation was commissioned, and in 2006, achieved its targeted production rate of 3-million tonnes per annum. Operations were completed after ten years of operation in mid 2014.
With the successful takeover of Aztec Resources in 2006, the Company acquired the Koolan Island hematite mining operation, located in Yampi Sound off the Kimberley coast in the remote northwest of Western Australia. The operation is currently under review following a failure of the Main Pit seawall in late 2014.
Extension Hill, Mount Gibson’s third operating mine, is located in the Mt Gibson Range, 260km southeast of Geraldton. The mine is scheduled to produce an average of 3-million tonnes of ore annually over five years.