PERTH (miningweekly.com) – ASX-listed Metro Mining has doubled the mineral reserve at its Bauxite Hills mine, in Queensland, following the combination with takeover target Gulf Alumina’s Skardon River project.
The direct shipping ore reserve for the enlarged Bauxite Hills mine has now increased to 96.5-million tonnes, with Metro telling shareholders on Wednesday that the addition of the Gulf material, with its indicated higher trihydrate bauxite and lower reactive silica levels, potentially allows the company to offer a diverse product to its customers suited to both high and low temperature refineries.
Direct shipping ore resources were estimated at 128.8-million tonnes for the enlarged Bauxite Hills project, up from the 65.3-million originally defined by Metro.
Metro noted that based on the increased resources and reserve, work was under way on a bankable feasibility study for the Bauxite Hills mine.
Edited by: Creamer Media Reporter
EMAIL THIS ARTICLE SAVE THIS ARTICLE
ARTICLE ENQUIRY
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
