Metro Mining on fast track to bauxite production, increase in reserves

Metro Mining is on a roll after announcing a 398% increase in its ore reserve at the Bauxite Hills Project from 12.1 million tonnes to 48.2 million tonnes, enough for a 27 year mine life.

However, even better news, the project at Cape York in Queensland could be in construction mode in second quarter 2016 and producing by fourth quarter 2016.

This would be at a rate of up to 2 million tonnes of Direct Shipping Ore (DSO) per year.

The Bauxite Hills Project is situated 95 kilometres north of Weipa on Queensland’s Cape York Peninsula and five kilometres south-east of the port at Skardon River.

The project has a high grade total alumina of 50.2% and reactive silica of 6.3%, which is typical of Western Cape York bauxite deposits destined for export.

An update of the geological model resulted in a resource upgrade.

Based on this, the resource at Bauxite Hills looks suitable for Direct Shipping Ore that is planned to be transhipped via the Skardon River.

DSO allows the development of a mine with lower capital and lower operating costs.

The location of the project at Cape York is ideal as it is located close to international shipping routes with low relative freight costs to China.

Cape York’s high quality export grade bauxite with high alumina content and its characteristics are well known to Chinese and other international alumina refineries.

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