Brief: Mount Gibson Iron Says Ore Sales In March Quarter Totalled 0.24 Million Wet Metric Tonnes

MGX Resources

26/04/2022 02:39

April 26 (Reuters) - Mount Gibson Iron Ltd  MGX.AX :
    * ORE SALES IN MARCH QUARTER TOTALLED 0.24 MILLION WET
METRIC
TONNES AT AVERAGE GRADE OF 62.8% FE
    * KOOLAN ISLAND SALES GUIDANCE IS FOR 1.5 MWMT FOR 2021/22
FINANCIAL YEAR
    * SHIPPED ORE GRADES ARE EXPECTED TO REACH 65% FE BY
MID-2022
    * IN RECENT WEEKS KOOLAN ISLAND EXPERIENCED 6-10% DAILY
ABSENTEEISM RELATED TO COVID
    * PRODUCTION AND SALES IN FUTURE FINANCIAL YEARS ARE
EXPECTED TO
CONSOLIDATE AT LEVELS AT OR ABOVE THOSE ANTICIPATED IN JUNE
QUARTER

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 ((Reuters.Briefs@thomsonreuters.com;))