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ASX RELEASE
9 July 2015
$500,000 Sale of Ootann Limestone - Lime operation
Metallica Minerals Limited is pleased to advise it has executed a Sales Agreement to sell four granted mining leases covering the Ootann limestone tenements and associated quarrying equipment ('the Ootann limestone operation') to a private limestone and lime group.
The Ootann projects mining leases and associated equipment is located approximately 180 kilometres southwest of Cairns and is held by Metallica's 100 per cent owned subsidiary, Phoenix Lime Pty Ltd.
A $25,000 non-refundable deposit has been received and completion of the Sales Agreement and payment of the remaining $475,000 will occur once indicative approval for the transfer of the mining titles is received. The purchaser will also replace the environmental bond of approximately $27,000.
The Ootann limestone operation was acquired by Metallica 8 years ago primarily to supply lime to the proposed SCONI project. As this project is on hold pending a joint venture or other funding source, the Ootann limestone operation is considered a non-core asset.
Metallica has also received indicative and non-binding expressions of interest on several of its other limestone projects near Townsville and Gladstone which are also considered non- core mineral assets.
Photo: Ootann Limestone-Lime Operation
For more information, please contact:
Andrew Gillies, Managing Director or John Haley, CFO/Company Secretary
Phone: +61 07 3249 3000 Phone: +61 07 3249 3000
Email: [email protected]
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Metallica Minerals Ltd
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PRODUCTEUR |
CODE : MLM.AX |
ISIN : AU000000MLM0 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
MLM est une société de production minière de nickel basée en Australie. MLM est productrice de nickel, d'aluminum en Australie, et détient divers projets d'exploration en Australie. Son principal projet en production est WEIPA en Australie et ses principaux projets en exploration sont BELL CREEK SOUTH, SANDY CREEK (EPM 14987), LUCKY BREAK-DINGO DAM et NORNICO en Australie. MLM est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 8,4 millions AU$ (6,3 millions US$, 5,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 juillet 2011 à 0,42 AU$, et son plus bas niveau récent le 27 mars 2020 à 0,01 AU$. MLM possède 278 549 984 actions en circulation. |