full steam ahead.

Mount Gibson Iron Limited
ABN 87 008 670 817
First Floor, 7 Havelock Street
West Perth 6005, Western Australia
PO Box 55, West Perth WA 6872
Telephone: 61-8-9426-7500
VIA: WWW.ASX.ONLINE.COM Facsimile: 61-8-9485 2305
E-mail: [email protected]
29 March 2006 Pages = 1
The Manager
Company Announcements
Australian Stock Exchange Limited
Level 10, 20 Bond Street
SYDNEY NSW 2000


SUBJECT: CRUSHING PLANT AND RAIL WAGONS
Crushing Plant and Equipment Purchase
Mount Gibson Mining Limited (“MGM”) has purchased the crushing facility and associated plant and equipment at its Tallering Peak operations from Rapid Crushing and Screening Contractors (“Rapid”). The purchase of the facility reduces the risks associated with installing a replacement contract crushing plant as the operation moves to 3 million tonnes per annum production rates. The purchase of the crushing facility has significant operational and financial advantages to any alternatives available within the current industry environment.
All disputes between Rapid and MGM have been resolved.
Tallering Peak Rail Wagons
The Tallering Peak rail wagons, due for delivery from China, arrived in Geraldton on Monday 13 March 2006. The 32 wagons are currently undergoing operational readiness testing and will be available for haulage in late April 2006 as scheduled.
Yours sincerely, MOUNT GIBSON IRON LIMITED
Angela Dent Company Secretary
Enquiries: Mr Luke Tonkin or Mr Alan Rule Managing Director Finance Director Telephone: 61 8 9426-7500 Email: [email protected]

Cheers markco2