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Metro Mining Ltd.
Summary
| Project: | Bauxite Hills Mine | |
|---|---|---|
| Deposit: | Bauxite Hills Mine | |
| Location: | Australia | |
| Commodities: | Aluminium | |
| Date: | 10/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 14-10-2019: Metro Mining Ltd. announces a Feasibility Study report for its Bauxite Hills Mine deposit at the Bauxite Hills Mine project. Completion of stage 2 DFS for Bauxite Hills Mine. Metro Mining Limited (ASX:MMI) (“Metro”) is pleased to provide the f | |
| Resources: | (Reserve, Total): 109.5Mt at Bauxite Hills | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Metro Mining Limited (ASX:MMI) (“Metro”) is pleased to provide the following update regarding the Stage 2 expansion of the Bauxite Hills Mine. Metro Managing Director and Chief Executive Officer Simon Finnis said, “The completion of the feasibility study and selection of the preferred design for the FT is a key step to allow execution of the expansion at Bauxite Hills by 2021. It builds on the outstanding production performance and operating experience gained since the mine commenced production in April 2018. We have some further work to do on the final design, and we need to finalise the funding package, and then we will present to the board for their approval. It is pleasing to see the DFS completed and we thank shareholders for their patience. The DFS clearly shows that the expansion confirms Bauxite Hills as one of the lowest cost and largest independent producers of bauxite in the market.” | |
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