Metallica Minerals Limited - May Flash Note 2015

Flash Note – Metallica Minerals Limited (ASX: MLM) Initial Bauxite Resource at Urquhart Point (Weipa) – Supports Low Cost Direct Shipping Strategy May 20, 2015 EVENT: Initial Urquhart Point Direct Shipping Bauxite (DSB) Resource: - 7.5Mt inferred resource grading at 51% total Al2O3 and 16.3% SiO2 - Includes a marketable 4Mt higher grade domain (just in Area A) grading at 53.3% total Al2O3 and 13.0% SiO2, with 40.6% available Al2O3 and 4.9% reactive silica - The resource will form the basis of an internal Scoping Study or Conceptual Development Study to be completed in June - Strategy is to develop a 1.5‐2.0mtpa low capital and operating cost operation - Aiming for project approvals to be completed in late 2016. Download the report for more information...