Gindalbie reaches Karara milestone

Company News

Gindalbie Metals Limited (ASX:GBG) has shipped over 250,000 tonnes of iron ore from its Karara Project in Western Australia.

CEO Tim Netscher says the completion of five shipments in less than three weeks demonstrated sound performance in the ramp up of Karara’s infrastructure.

Mr Netscher says the initial shipments well and truly confirm the capabilities of Gindalbie’s integrated logistics chain.

Gindalbie expects to make its maiden shipment of magnetite concentrate by the end of the calendar year.

Gindalbie Metals recorded a $27 million loss in fiscal 2012.