Metallica Minerals Ltd

Metallica Minerals Limited (ASX: MLM) is an Australian resource development company with interests in mining projects targeting the rare earth scandium and the metals nickel & cobalt and zircon-rutile minerals.

Oresome Austalia holds Metallica's Zircon-Rutile tenements on the Western Cape York Peninsula in Queensland. The Urquhart Point Project has a granted Mining Lease covering 366ha, the Company has so far defined a modest sized 4-5 year mine life project for this deposit.

The SCONI Project (Scandium-Cobalt-Nickel) is ideally located just 3 hour's drive north-west of Townsville. Through this project Metallica aim to become the world's largest and most reliable supplier of high-purity scandium oxide, a scarce "spice metal"which is used to strengthen aluminium alloys and also in solid oxide fuel cells.

Its potential viability is underpinned by economies of scale from three metals and Metallica's proven proprietary technology for producing high-purity scandia from SCONI ore.

The Board and Management of Metallica Minerals, backed by the Company's major shareholders remain committed to unlocking the value of our projects.

Metallica Minerals was established in 1997 and listed on the Australian Securities Exchange in 2004.