Ann: MGX Mineral Resources and Ore Reserves at 30 June 2016-MGX.AX, page-2

Extracts re KI from Ore Reserves.

“At Koolan Island, we have committed $1.5 million for detailed seawall design work and mine planning to step up our evaluation of the potential to reinstate the seawall and resume production from the high-grade Main Pit deposit. Given the high quality, high-grade nature of the Main Pit deposit, and our existing operational infrastructure at Koolan Island, we are very excited by the long term premium-quality production potential that Koolan Island offers.”

At Koolan Island, the previously reported remaining Ore Reserves totaling 0.9 Mt at the Acacia East deposit were depleted through mining, which was completed in February 2016. Koolan Island now has no current Ore Reserves and is on care and maintenance while assessment is undertaken of the potential to reinstate the Main Pit seawall, which failed in late 2014, in order to resume production from the Main Pit deposit.


It would appear a restart is looking more & more likely.....

GLTAH.