METRO MINING LIMITED (ASX:MMI)
Metro Mining Limited is an Australian exploration & mining company based in Brisbane, Queensland. The company has major bauxite projects in Cape York and one of Australia’s largest thermal coal resources, in the Surat Basin.
Metro Mining’s Board and Executive team believes commodity diversification delivers better shareholder value. The Company's search for global mineral development opportunities is ongoing.
The Company's immediate and deliberate focus is the Bauxite Hills Project, approximately 95 kilometres north of Weipa on Western Cape York. Here the company controls approximately 1,300 square kilometres of exploration tenements.
Commodities in Metro Mining’s Current Portfolio include Bauxite and Coal:
Bauxite in Cape York, Queensland | Total DSO Measured, Indicated and Inferred Resource of 65.3 Million tonnes which includes: 41.8 Million tonnes of DSO Proved Ore Reserve and 6.4 Million tonnes of DSO Probable Ore Reserve.
Coal in the Surat Basin, Queensland | 4 Billion tonnes of Thermal Coal Resource