West Kimberley Islands Pivot to Strategic Logistics Hubs
Two remote islands in Western Australia's Buccaneer Archipelago are transitioning from historical iron ore mining to strategic logistics hubs. Perth-based Crestlink has acquired Koolan Island for $20 million and secured approval for a $300 million hub on neighbouring Cockatoo Island, aiming to support offshore oil, gas, and defence operations by mid-2027. The development prioritises Indigenous partnerships and promises long-term economic benefits for the mainland town of Derby.
Strategic Pivot in the Buccaneer Archipelago
For 70 years, MGX, formerly Mount Gibson Iron, has operated a below-sea-level iron ore mine on Koolan Island. As the company shifts its focus to gold mining in the Tanami Desert, the island's role in the regional economy is being recalibrated. Perth-based Crestlink has purchased Koolan Island for $20 million, with plans to transform the site into a sea and air logistics hub.
Crestlink intends for the facility to service offshore oil and gas, marine industries, security, defence, and fuel storage. The island's existing infrastructure, located almost 2,000 kilometres north of Perth, includes a 300-bed camp, a 2-kilometre-long runway, and a deepwater port. The transaction awaits Foreign Investment Review Board approval, with both parties anticipating a closure within six months.
Neighbouring Cockatoo Island is set to undergo a similar transformation. Once home to an exclusive resort developed by property tycoon Alan Bond in the 1980s, the island will host a $300 million multi-user hub. Crestlink gained approval for the Cockatoo Island development from the WA environment minister in November 2025. The new facility will feature a runway, hangars for long-range helicopters, and a floating wharf precinct. Crestlink founder and chief executive Eanna Doolin confirmed that both islands should be operational by mid-2027.
Indigenous Partnership and Regional Economic Impact
The transition relies heavily on engagement with Traditional Owners. MGX chief executive Peter Kerr stated that finding a buyer with strong ties to Indigenous groups was a priority.