Metallica Minerals Limited
ASX:MLM ISIN:AU000000MLM0
News
FINANCE VIDEO: Metallica Minerals (ASX:MLM) CEO Andrew Gillies Speaks at the RIU Sydney Resources Round-up in May 2010
A significant "bonus" discovery of high grade scandium mineralisation has been announced by Metallica Minerals Limited (ASX:MLM) following completion of the successful first phase drilling program to expand the Company's Queensland nickel-cobalt project.
Metallica Minerals (ASX:MLM) Quarterly Report For Period Ending 31 March 2010
The Greenvale and Lucknow tenements were purchased from Straits Resources Ltd (ASX:SRL) and Resource Mining Corporation (ASX:RMI) in December 2009 for a total consideration of A$650,000 cash (which was paid immediately), and 3.33 million Metallica Minerals Limited (ASX:MLM) ordinary shares (escrowed until 16 June 2010) at a deemed price of A$0.30 per share (refer to ASX release dated 21 December 2009) to be issued upon completion of the tenement transfer.
Metallica Minerals Limited (ASX:MLM) are pleased to announce a non-cash selective share buy-back and transfer agreement (the Agreement) between the Company and its second largest shareholder, Resource Capital Funds III and IV (RCF). The agreement, which is subject to Metallica shareholder approval, effectively involves RCF exchanging 7.74 million of its shares in Metallica for approximately 3.9 million shares in Cape Alumina Limited (Cape Alumina) (ASX-CBX) which are currently held by Metallica.
VIDEO: Metallica Minerals (ASX:MLM) Andrew Gillies Speaks with Brian Carlton at Sydney Symposium Resources Roadshow. Metallica Minerals Limited (ASX:MLM) was incorporated in 1997 by Founding and Managing Director Andrew Gillies. Metallica was established with the primary objective of creating opportunity and wealth for its shareholders through the evaluation and development of mineral projects in Queensland.
Metallica Minerals Limited (ASX:MLM) is pleased to announce that the Company's maiden nickel-cobalt drilling program has commenced on the recently acquired Greenvale Mine Site located in the southern portion of Metallica's flagship NORNICO Ni-Co project northwest of Townsville in Queensland.
The Symposium Resources Roadshows are off to a cracking start for 2010 with the first in the series beginning next week on the 16th February in Sydney and in Melbourne on the 17th February.
ABN Newswire stocks to watch today include: Carpentaria Exploration Limited (ASX:CAP), Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Murchison Metals Limited (ASX:MMX) (PINK:MUMTF), Bandanna Energy Limited (ASX:BND), Focus Minerals Limited (ASX:FML) and Metallica Minerals Ltd (ASX:MLM).
Metallica Minerals Ltd (ASX:MLM) is pleased to announce that an updated independent resource estimate has been completed for the Kokomo Nickel - Cobalt - Scandium Laterite deposit, which is located 40 km north of the Township of Greenvale in North Queensland.
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