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Metro Mining Ltd.
Summary
| Project: | Bauxite Hills Mine | |
|---|---|---|
| Deposit: | Bauxite Hills Mine | |
| Location: | Australia | |
| Commodities: | Aluminium | |
| Date: | 1/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 18-1-2017: Metro Mining Ltd. announces a Resource Estimation report for its Bauxite Hills Mine deposit at the Bauxite Hills Mine project. Resource and Reserve update, Reserve doubles to 96Mt. Metro Mining Ltd (ASX:MMI) is pleased to announce the first sta | |
| Resources: | (Reserve, P+P): 96.5Mt @ 49.9% Al2O3, 12.9% SiO2 at project total | |
| CP/QP: | [Resources]: Jeff Randall, Neil McLean (Geos Mining;Internal) | |
| ABSTRACT: | Metro Mining Ltd (ASX:MMI) is pleased to announce the first stage of the combination of its Bauxite Hills Project with Gulf Alumina Ltd’s (Gulf) Skardon River Project has led to a significant increase in the resources and reserves of the project. The addition of the Gulf material, with its indicated higher THA and lower reactive silica levels, potentially allows the company to offer a diverse product to its customers suited to both high and low temperature refineries. Based on the increased Resource and Reserve, work is underway on a bankable feasibility study (BFS) for the Bauxite Hills Mine which is set to become a globally significant bauxite mining operation within the internationally acclaimed Weipa bauxite producing region. Mine construction is planned to commence in the second half of 2017. Metro currently owns 99.9% of Gulf. As per its announcement on 20 December 2016, Metro has commenced compulsory acquisition of the remaining Shares in Gulf not owned by Metro. | |
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