METALLICA MINERALS LIMITED has not announced any capital raises, but we are collecting interest for future raises.
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Metallica Minerals Limited (ASX: MLM) is primarily an Australian bauxite developer with other interests in mineral sands, silica sands, gold-copper and graphite. Company is transitioning from minerals exploration to development and production, concentrating on its bauxite assets with the goal of becoming a successful, sustainable and profitable bauxite miner producing 5-7Mtpa of bauxite over the coming 3-5 years. To achieve this the Company has focused its efforts on the Urquhart Bauxite Project which is a part of the Cape York Bauxite and Heavy Mineral Sands Joint Venture which is located on the west coast of Queensland’s Cape York (MLM owns 50% and is the Operator). The Urquhart Bauxite Project (Project) has a JORC (2012) Measured and Indicated Resource of 9.5Mt with the Pre-Feasibility Study highlighting the Projects potential to deliver strong financial returns with minimal capital expenditure. In 2017 the Company received both Queensland and Commonwealth government approvals for the Mining Lease and in November 2018 announced the final approval associated with the haul road that links the Project to the established barge loading facility at Hey Point.
Diversified Metals & Mining
Level G/71 Lytton Rd, East Brisbane QLD 4169, Australia
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Executive Director and Interim Chief Executive Officer
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