Increased Iron Ore Sales
Iron ore sales from Koolan Island increased by over 20% on the prior quarter to 0.9 million wet metric tonnes, with full year sales reaching 4.1 million tonnes.
Strong Financial Year Performance
Mount Gibson's financial performance was strong with group cash flow of $290 million before tax and working capital movements, and cash and investment reserves increased by $274 million over the financial year.
Safety Improvement
The 12-month lost time injury frequency rate remained at 0 incidents per 1 million man-hours worked, and the total recordable injury frequency rate reduced from 5.4 to 4.4 incidents per 1 million man-hours.
Strategic Investments
Increased investments in several junior resources companies with market value rising from $5 million in the March quarter to approximately $19 million at quarter end.