Gindalbie confirms due diligence on a ‘small number’ of projects

Iron-ore junior Gindalbie Metals, a joint venture partner (JV) in the Karara iron-ore mine, in Western Australia, is advancing plans to enter other projects. The ASX-listed miner reported on Friday that it was undertaking due diligence studies on a “small number” of selected projects, as part of a strategy to grow shareholder value by deploying its existing cash resources.