- KMG placed its Ridges iron ore mine into care and maintenance in February 2015 following the completion of mining of the high grade direct shipping ore (DSO) reserve.
- Substantial lower grade resources remain at Ridges that can be exploited upon the recovery in the iron ore market.
- The undeveloped Matsu deposit lies 10 kilometres to the south of the Ridges mine and contains several million tonnes of high grade DSO.
- The Matsu project is well advanced with mining leases and associated tenements having been granted in 2014.
- The Company is preparing submissions to obtain the necessary approvals to allow mining to commence subject to prevailing iron ore prices, market conditions and exchange rates.
Contact Details
T (+61) 8 9225 3100
F (+61) 8 9225 3199
W www.kmetgroup.com
ABN 28 114 123 572
Level 1, 10 Ord Street
West Perth
WA 6005