Metallica Minerals (MLM)

Shares / Stock Code

MLM

Stock Exchange / Sharemarket

Australian Securities Exchange

Metallica Minerals (MLM) is a Brisbane based resource company that looks to evaluate, develop and mine its mineral projects in Queensland. Its portfolio of projects cover a wide range of commodities including nickel-cobalt, coal, bauxite, scandium, limestone and gold. Metallica was listed on the Australian stockmarket (ASX) 23 November 2004.

Metallica Minerals has a number of key projects, including its flagship project 'Nornico', as well as Kingaroy, Weipa and the Kokomo joint venture. The Nornico project area covers over 2000 square km of tenements in the Greenvale nickel province. It is conveniently located 250km from BHP Billion's Yabulu Nickel Refinery near Townsville, Queenlsand.

Major competitors of MLM consist of other mining companies in Australia and overseas exploring for gold, precious and base metals. These range from massive international companies to small explorers with one or two projects. Prospective gold customers include governments, banks and international gold brokers whilst for precious and base metals would involve arrangements with utilities, large industrial users and steel plants.

Metallica Minerals is focused on the exploration and evaluation of the NORNICO nickel project. The Company’s 100%-owned NORNICO Nickel-Cobalt Project is located approximately 32 kilometers south of Mt Garnet in northern Queensland. As of June 30, 2009, Metallica owned 84% interest in MetroCoal Limited. Metallica holds a 33% interest Cape Alumina Ltd, which is a bauxite (ore for aluminium) company, with a 100% interest in the tenement holding outside Rio Tinto’s Alcan mining leases, in the world renowned Weipa Bauxite Province in Australia’s Cape York. The Company operates in the mining exploration segment in Australia. On June 4, 2009, the Company acquired 71.53% interest of Planet Metals Limited.

Metallica Minerals (MLM) Products and Services

  • Mining exploration

Metallica Minerals (MLM) Locations and Subsidiaries

Metallica Minerals Head Office
71 Lytton Road, EAST BRISBANE,
QLD, AUSTRALIA, 4169
Phone: (07) 3249 3000
Fax: (07) 3249 3001

Metallica Minerals (MLM) Share Price

Submitted by ASX Listed Company on 13 May, 2010 - 17:38