Gindalbie Metals Ltd (ASX:GBG) is an independent Australian resources company based in Perth, Western Australia. Gindalbie has entered into an agreement with Torrens Mining to acquire up to 75% of the Mt Gunson Copper Cobalt Project in South Australia. The Mt Gunson Project includes an existing JORC Resource as well as 824 km2 of exploration tenements located close to infrastructure in one of the world’s premier copper belts.
Gindalbie retains a 47.84% interest in the Karara Iron Ore Project
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in joint venture with Ansteel of China. The Karara Iron Ore Project, operated by Ansteel, produces high quality magnetite concentrate for export to Asian markets. Gindalbie’s strategic focus is to advance feasibility studies at Mt Gunson, while maintaining active business development to leverage its cash assets through acquisitions in the gold and base metals sector.