MLM - Metallica Minerals

[Telamelo]

MLM shaping up nicely.. bullish close @ .036c (+9.09%) on 3M volume

Stochastic Oscillator
%K(14,3): 52.4+ %D(3): 46.0+
RSI (14) : 61.0+

http://au.investing.com/equities/metallica-minerals-ltd (cashed up with $2.3M in the bank)

Please DYOR ......... Cheers tela

"Path quickly cleared for Bauxite project" - scheduled for production H1 2017

Federal Govt ruling stating MLM does not require any environmental impact statement assessment (for Urquhart Bauxite project) and consequently given this major milestone, it confirms project on track for a low capital start up within H1 of 2017

http://www.publicnow.com/view/649EDAFE07269F52BE805089A39D0778743D2A48
(download pdf to view article)

 

[StanG]

I believe MLM share price is about to rocket. Their haul road was delayed given change over in QLD government less than 1 year ago (25 November). MLM advises they made good progress in last two months. I anticipate approval for the haul road and share price rocketing. I believe it’s curently oversold given people don’t consider the above. I’ve topped up. Exciting times! DYOR

 

[greggles]

Metallica Minerals announced today that it has entered into a binding access agreement with the stakeholder in relation to the construction of a haul road connecting the Urquhart Bauxite project to the established barge loading facilities at Hey Point. The required section 316 (s316) Mining Lease application has been made for the haul road corridor linking the fully permitted Urquhart Bauxite project to the operational Hey Point barge loading facility. A new s316 mining lease application was required so as to reflect the updated conditions of the access agreement.

All the necessary requirements for the granting of the s316 Mining Lease have now been completed.

Gap up today for MLM, opening at 3.6c and finishing the day at its high of 4c, up 29% on yesterday's close of 3.1c. Sentiment appears to be turning positive now that the haul road issue is getting sorted out.

 

[barney]

I believe MLM share price is about to rocket. I’ve topped up. DYOR

That was a pretty damn good call @StanG ….. Well done …… Hope you made a few bucks as well!

Any other little gems you can share would be much appreciated

 

[barney]

MLM spike was short lived it seems ….. 0.028 needs to hold or it will look very untidy.

 

[Stockbailx]

What's all this hype about MLM seems to of came into it's own. Running into some volume, interesting resource it discovers;

Cape Flattery Silica Sand Project advances as Mining Lease Application Lodged Highlights.

•Mining Lease Application (MLA) lodged for the Cape Flattery Silica Sand project .
•The MLA area of 616 Hectares contains the current JORC Mineral Resource of 38mt and will be the area of focus for the next phase of drilling, which is planned to be completed in July 2021.
•Metallurgy study results are planned to be completed this month and the Scoping Study is planned to be completed thereafter
•Dry season environmental studies to start in late June 2021 Metallica Minerals Limited is pleased to announce that a Mining Lease Application (ML100284) has been lodged with the Queensland Department of Resources for its 100% owned Cape Flattery Silica sand project.

According to industry research firm IMARC Group, high-purity silica sands are becoming more sought after, with the global market growing at a compound annual growth rate (CAGR) of around 6% between 2010 and 2017. In 2017, a total of 188 Mt of silica sand was produced globally. This growth has been driven by silica sand’s applications across a broad range of industries including glass-making, foundry casting, water filtration, chemicals and metals, hydraulic fracturing and an increasing number of hi-tech products, including solar panels. For example, in the global glass-making industry, one of the major consumers of high-purity silica has experienced significant growth recently from the construction and automotive industries. IMARC also estimated the globalsilica sand market could grow from US$7 billionin 2019to US$20 billion in 2024

Metallica Minerals Limited

www.metallicaminerals.com.au

 

[frugal.rock]

 

[barney]

$15 mill Market Cap with around $4 mill in the bank?? Been a long road but there is room to move for sure.

 

[System]

On August 16th, 2024, Metallica Minerals Limited (MLM) was removed from the ASX's Official List in accordance with Listing Rule 17.14, following compulsory acquisition of its remaining securities by Diatreme Resources Limited (ASX: DRX).