PLusLocated 15km from the Karara magnetite deposit, the Mungada...

PLus

Located 15km from the Karara magnetite deposit, the Mungada Hematite Project contains several hematite prospects geologically similar to the historic WMC hematite production centres - 3km to the west.

During the early 1970s, Western Mining Corporation produced 450,000 tonnes of ore grading 61% Fe from operations at Mungada and Mungada West, where current reserves are calculated at 3 million tonnes at 60% Fe.

In January 2007, Gindalbie announced an initial hematite resource of 14 million tonnes at 60.6% Fe. By completing substantial drilling programs, in July 2007, the company announced a 62% increase in hematite resources to 22.8 million tonnes at 61.9% Fe, contained within 10 deposits. Further drilling at hematite discoveries highlights the potential of the area to host additional hematite resources