Feb 18 (Reuters) - Fortescue Metals Group Ltd FMG.AX :
* A DETAILED REVIEW (REVIEW) OF IRON BRIDGE MAGNETITE PROJECT (IRON BRIDGE) HAS BEEN COMPLETED.
* REVIEW INDICATED A REVISED PRELIMINARY CAPITAL ESTIMATE OF UP TO US$3.0 BILLION
* FIRST PRODUCTION EXPECTED IN SECOND HALF OF CALENDAR YEAR 2022
* FORTESCUE'S SHARE OF STAGE 2 INVESTMENT IS APPROXIMATELY US$750 MILLION
* DEREK BROWN HAS BEEN APPOINTED AS ACTING DIRECTOR PROJECTS AT IRON BRIDGE MAGNETITE PROJECT
* AS AT 31 JAN JOINT VENTURE HAS INCURRED CAPITAL EXPENDITURE OF ABOUT US$1.1 BILLION SINCE STAGE 2 INVESTMENT DECISION IN APRIL 2019
* HAS ALSO CONTRIBUTED US$274 MILLION OF DEFERRED JV CONTRIBUTIONS RELATING TO STAGE 1 OF PROJECT