KMG : Ridges Iron Ore Project

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.

T (+61) 8 9225 3100
F (+61) 8 9225 3199
W www.kmetgroup.com

ABN 28 114 123 572

Suite 3B, 38 Richardson Street
West Perth
WA 6005

KMG is an active explorer, developer and operator of iron ore projects. KMG owns the Ridges and Matsu Iron Ore Projects in the Far North region of Western Australia.