95622ad9-27ba-4925-a46e-327c4a323ca8.pdf Metalllca completes sale of Boyne llmestone project

27th June 2016

By: semaoUll Herbst

Creamer Media Deputy Editor

Font tlze:::!

JOHANNESBURG (miningweekly.com)-ASX-lilted beyxjht dOYOIAiW MoJalle Mineralf hUcompleted the Nie of 119 noncore Boynellme&tone prgjecl, near Gltct!IRo,,au11N1and.lbr a OciYltl group pai:l lheagreed belance of $900 000.

The ptj'yaje purchuer eoughtta acquire lhe two granted mjnjngleaea that formed Iha Boyne pmjactforAS1-million, llavi'lg paid aninitial deposit of $100 000in Nowmblr,lastyear.

CEO SJmoo IIM•nmtch noted that recei'ving the salesfunds further reinforced Metallica'9 bHllhlt tiOIOC9 OQ9jtion.Thecompany now had a C89h balance of about $2.3-million.

MwrtiHment

30 000Impressions...

"The nowcompkltrld Boyne trunaactionfollawa onfrom lhem.cxwful11111• of the

noncore starand Ootann limestone prgjprt, both in Oueer)$1gnd , and Miicll

delivered $870 000," he said, adding that Metallica continued to explore options to deliver additional value from other noncore assets.

Slesarewich also noted that Metallica remained focused on delivering sustainable cash flow from the mining of direct shipping bauxite in 2017 at the Urquhart bauxite project, near Weipa, on Queensland 's Cape York.

Metallica Minerals Limited published this content on 12 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 July 2016 06:43:07 UTC.

Original documenthttp://www.metallicaminerals.com.au/sites/default/files/Metallica_completes_sale_of_Boyne_limestone_project_Mining_weekly.pdf

Public permalinkhttp://www.publicnow.com/view/AFDDB6DCAB061FAAAE5330AB7FA935CC9A47926D