Metallica's Mineral PortfolioMetallica's Mineral Portfolio| Commodity | Project | Current Resource or Best Drill Intercept | Resource Potential or Current Resource Target | Objective & Proposed Feasibility production capacity | Indicative earliest production timing |
|---|---|---|---|---|---|
| Nickel-Cobalt Flagship commodity 100% | NORNICO (North Qld Nickel Cobalt) Flagship-project Situated between Greenvale & Mt Garnet NQld |
29.7 Mt @0.75% Ni, 0.03% Co (Bell Ck & Minnamoolka only)
Containing 222 Kt Ni (based on 600 drill holes to end 2006) Revised resource upgrade due Aug 07 Kokomo - 2.22m/20m @ 0.93% Co, 0.8% Ni (KK-11) |
Bell Creek & Minnamoolka 40-50Mt >250-300Kt Ni metal Kokomo >10-40 Mt |
1.5 Mtpa Heap Leach operation (with acid plant) producing~10,000 tpa in intermediate Ni-Co MHP product concentrate > 15 Year Life |
Late 2009 |
| Nickel-Cobalt 100% | Lucky Break - JV with Metals Finance Corp (MFC) Earning 40% | 1.02MT @ 0.8% Ni, 0.06% Co 8,195 tonnes Contained Ni |
1.2 - 1.5 Mt | 250 Ktpa Heap/Vat Leach operation producing ~ 1,500 tpa Ni in intermediate product concentrate over 4-5 years | 3Q 2008 |
| Thermal Coal 100% MetroCoal | 3 Projects - Ipswich, Surat and Injune |
Coal Bearing Strata approx 3,940km2 Surat Coal Basin | Excellent UCG-CTL potential- Coal 130m-300m depth | Coal Gasification Potential producting electricity and liquid fuels and chemicals | 2010 UCG Operation, initially producing electricity. |
| Bauxite (40%, Possible IPO, or Equity Partners) |
Weipa Bauxite project - through 40% interest in Cape Alumina |
Maiden 54 Mt indicated-inferred Bauxite Resource ~ 2,000km2 Bauxite Tenements |
>100 Mt FOB bauxite | 3-6 Mtpa FOB bauxite sales | 2009/10 Export Bauxite |
| Limestone 100% | Close to Townsville & Gladstone and NORNICO | High quality limestone close to markets 92m @ 55% CaO very low Fe, Si and Mg (Boyne) |
Boyne & Fairview >50-100 Mt each Ootann >40Mt Star~2 Mt |
200Kt-1 Mtpa crushed limestone, lime, quarry rock & potential for burnt lime production | >2008 Subject to local markets |
| Scandium JV (MLM~80% Straits~20%) |
Within Kokomo Ni-Co project-Straits earning 70% | Open ended 1 Km zone high grade
Sc-26m @ 273 g/t Sc |
Initially > 1Mt @ 200-250 g/t Sc | Targeting potential Sc-Al alloy & Fuel Cell market | >2009 |
| Zircon & Rutile JV (100% possible dilute 30%) |
Weipa HMS project - JV Matilda Minerals Ltd earning 70% | Auger drilling in 1950's 0-6 feet 72% HMS (25% Rutile & 17% Zircon) at Urquhart Pt | High grade >500Kt @ 10-15% HMS (50% Rutile & Zircon) |
Sand mining & treatment producing zircon & rutile concentrate | >2008 subject to land access TLO |