Gindalbie Metals Ltd

ASX:GBG ISIN:AU000000GBG5

Feb 10, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Gindalbie Metals Ltd Company Summary

Gindalbie is well advanced towards achieving its vision of becoming a leading independent Australian iron ore company with a diversified portfolio of magnetite and hematite production assets, located in the Mid West region of Western Australia.

The initial focus of Gindalbie's growth strategy is the Karara Iron Ore Project, located 225km east of Geraldton, where it will deliver initial production of Direct Shipping Ore (DSO) hematite in 2009 to be followed by production of high grade magnetite concentrate and blast furnace quality pellets in 2010. Karara is being developed through a 50:50 Joint Venture with Ansteel, one of China's leading steel and iron ore producers.

Gindalbie's longer term growth will be propelled by the exploration and development of its extensive 1,900 sq km tenement portfolio, which includes numerous prospective magnetite and hematite exploration targets expected to deliver a long-term pipeline of growth opportunities.

COMPANY DATA

	Headquarters	Level 9, London House

		216 St Georges Terrace Perth

		Western Australia, 6000

	Telephone	61 8 9480 8700

	Fax	61 8 9480 8799

	Principal Sector	Materials

	Principal Industry	Mining & Metals

	Homepage	www.gindalbie.com.au

Key Developments: Gindalbie Metals Ltd

	Padbury Mining Limited (ASX:PDY) Appoints Mr Dan Podger as Project Manager AUG 11, 2011 18:08 - Article Views: 1,626 Padbury Mining Limited (ASX:PDY) is pleased to advise that it has appointed Mr Dan Podger as Project Manager for the Peak Hill Iron Project, a joint venture between Padbury Mining Limited and Aurium Resources (ASX:AGU).

	Australian Market Report of February 24, 2011: Viralytics (ASX:VLA) Receive Chinese Notice To Grant Patent Of Use Of EVATAK(TM) In Ovarian Cancer FEB 24, 2011 12:10 - Article Views: 1,741 Australian Market Report of February 24, 2011 includes: Viralytics Limited (ASX:VLA) received a patent granting notice from China regarding the use of EVATAK(TM) as ovarian cancer treatment; Peak Resources Limited (ASX:PEK) reported the remaining assay results from the November-December 2010 RC and diamond drilling campaign; Ferrum Crescent Limited (ASX:FCR) has commenced drilling at the Moonlight Iron Ore Project in South Africa; United Uranium Limited (ASX:UUL) announced that No.1 Institute of Geology and Minerals of Shandong Province received investment approval; Gindalbie Metals Limited (ASX:GBG) announced today that the maiden shipment of iron ore from the Karara Iron Ore Project in Western Australia will occur within two months.

	Venus Metals Corporation Limited (ASX:VMC) Yalgoo Iron Ore Project Scoping Study Indicates Potential NPV Of A$1.14 Billion FEB 16, 2011 14:00 - Article Views: 1,471 Venus Metals Corporation Limited (ASX:VMC) ("Venus") report the results of the Scoping Study on the Yalgoo Iron Ore Project (as completed by Mineral Engineering Technical Services Pty Ltd. Their financial model indicates a potential net present value of A$1.14billion with internal rate of return of 24.4% based on a 30 Mtpa mine.

	Iron Road Limited (ASX:IRD) Announce 1.2 Billion Tonne Mineral Resource At The Central Eyre Iron Project FEB 9, 2011 10:20 - Article Views: 1,512 Iron Road Limited (ASX:IRD) announce a substantial resource upgrade at the Central Eyre Iron Project, with the Mineral Resources again tripling in size, in this instance from 328Mt to 1.2Bt. The resource upgrade comes as part of an ongoing Prefeasibility Study, evaluating an initial 10 million tonnes per annum high grade iron concentrate export operation expanding to 20 million tonnes per annum.

	Venus Metals Corporation Limited (ASX:VMC) Announce JORC Compliant Inferred Magnetite Iron Ore Resource Of 443.9 Million Tonnes At Bilberatha Hill DEC 16, 2010 10:16 - Article Views: 1,388 Venus Metals Corporation Limited (ASX:VMC) is pleased to report a JORC Compliant Inferred Magnetite Iron Ore Resource of 443.9 Million Tonnes at Bilberatha Hill, and highly encouraging Metallurgical test results of drill holes YGDD001 and YGDD002.

	Murchison Metals Limited (ASX:MMX) Announce The Oakajee Port and Rail (OPR) Executes Foundation Customer MOUs AUG 23, 2010 09:07 - Article Views: 2,666 Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that its 50% owned Oakajee Port & Rail (OPR) has entered into Memoranda of Understanding (MOUs) with each of the three selected potential foundation customers for its planned 45mtpa port and rail infrastructure project.

	Australian Market Report of June 29, 2010 JUNE 29, 2010 09:50 - Article Views: 3,832 The Australian shares gave up their early gains and ended in a negative territory on Monday. The market weakness was mainly due to tax-related selling ahead of the financial year end of June 30. The benchmark S&P/ASX 200 index fell 28.5 points, or 0.65 per cent, to 4384.5 points, while the broader All Ordinaries index lost 0.67 per cent to settle at 4409.7.

	Australian Market Report of June 22, 2010 JUNE 22, 2010 09:30 - Article Views: 4,156 The Australia share market Monday closed firmer on hope of a gradual appreciation of the Chinese yuan. At the close, the benchmark S&P/ASX200 index rose 60.7 points, or 1.33 per cent, to 4612.6 points and the broader All Ordinaries index added 58.6 points, or 1.28 per cent, to 4632.7 points. The market was also inspired by the news that Australian federal government struck a A$11 billion deal with Telstra over the planned national broadband network.

	Gindalbie (ASX:GBG) Signed US$1.2B Loan Agreement with Chinese Banking Syndicate JUNE 21, 2010 12:39 - Article Views: 3,137 Gindalbie Metals Limited (ASX:GBG) said today its joint venture between China's Ansteel has secured a US1.2 billion loan facility from the banking syndicate led by China Development Bank and Bank of China (SHA:601988) (HKG:3988) for the US$2 billion Karara iron ore project, which is currently under construction in Western Australia.

	Australian Market Report of May 13, 2010: Gindalbie (ASX:GBG) Seeking A$175 million Capital Raising for Karara Project MAY 13, 2010 13:30 - Article Views: 4,799 The Australian shares opened higher on Thursday after the better-than-expected economic data in the euro zone inspired the US and Europe markets. Asian stocks in early trade were broadly up on the good offshore leads. Australia's S&P/ASX200 index climbed over 0.9 per cent at opening.