METRO MINING LIMITED (ASX:MMI)
Metro Mining Limited is an Australian exploration and mining company based in Brisbane, Queensland.
Metro’s flagship project, the Bauxite Hills Mine, located 95 kilometres north of Weipa is one of the largest independent projects within the internationally acclaimed Weipa Bauxite Region.
The company holds a total tenement package covering approximately 2,500 square kilometres on Western Cape York.
The Bauxite Hills Mine has an estimated Reserve of 92.2 million tonnes (Mt) and total Resources of 144.8 million tonnes (Mt). Mine construction is planned to commence in July 2017 with mining operations scheduled for April 2018.
A Bankable Feasibility Study (BFS) for the Bauxite Hills Mine was released on 15 March 2017 (see ASX Announcement here)
Metro Mining also holds one of Australia’s largest thermal coal resources in Queensland’s Surat Basin.