Gindalbie Metals

Gindalbie Metals Ltd is an independent Australian iron ore company based in Perth, Western Australia which is developing a portfolio of projects in the States Mid West region. Gindalbies core asset is the world-class Karara Iron Ore Project which it is developing in Joint Venture with AnSteel, one of Chinas leading steel and iron ore companies. Karara will deliver both high grade magnetite concentrate and Direct Shipping Ore (DSO) hematite. An aggressive growth strategy is in place to increase production from Karara and other deposits in the Mid West region to a targeted level of more than 30Mtpa. The first shipment of DSO from Karara occurred in March 2011. The major magnetite project, which is targeting stage one production of 8Mtpa of high grade concentrate is scheduled to make its first shipment in the first half of 2013. Gindalbie also controls an extensive pipeline of exploration and growth opportunities within a 1,900km2 tenement position in the Mid West region