Jan 24 (Reuters) - Mount Gibson Iron Ltd MGX.AX :
* IRON ORE SALES OF 1.4 MILLION WET METRIC TONNES (MWMT) IN QUARTER
* GROUP SALES GUIDANCE FOR 2019/20 INCREASED ABOUT 30% TO 4.8-5.3 MWMT AT AN UNCHANGED ALL-IN GROUP CASH COST OF $70-75/WMT FOB
* EXPECTS TOTAL IRON ORE SALES FOR THE 2019/20 FINANCIAL YEAR TO INCREASE APPROXIMATELY 30% TO 4.8–5.3 MWMT
* QUARTERLY SALES REVENUE OF $106 MILLION FREE ON BOARD (FOB)
* ANTICIPATES CONSTRUCTION OF ALL-WEATHER AIRSTRIP ON KOOLAN ISLAND WILL COST CIRCA $20 MILLION TO CONSTRUCT AND COMMISSION