MGX 3.51% 29.5¢ mount gibson iron limited

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    Fields Find Iron Ore Project

    The project is centred on the surface ironstones and magnetite Banded Iron Formations (BIF) in the area. The Plateau Ironstone Prospect is a DSO haematite/goethite residual deposit developed on top of the mafics and ultramafics of the Fields Find layered intrusion. While of low iron grade, it represents a cheap mining opportunity and may be used to blend with high phosphorous deposits. No work was undertaken on the project during the year and a joint venture partner or outright buyer is being sought.

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