Metro Mining Ltd, an Australian exploration and mining company based in Queensland, has combined two separate geological models and create a single expanded resource for its Bauxite Hills Mine project.
{alcircleadd}In December 2016, Metro Mining has acquired Gulf Alumina Ltd in order to expand the Bauxite Hills mining resource. Earlier, both Metro and Gulf owned standalone projects with resources estimated using separate geological models.
The combined resource integrates the recently purchased Skardon River Project with 144.8 million tonnes of direct shipping ore (DSO).
{googleAdsense}
Bauxite Hills Mine is the Metro Mining’s flagship project located 95km north of Weipa on Queensland's Cape York Peninsula. The operations at the Bauxite Hills Mine are expected to begin in the second quarter of 2018. The company is in the process of preparing a Bankable Feasibility Study (BFS) for this project.
The integrated resource forms the basis for the development of an optimal mine schedule in the bankable feasibility study.
This news is also available on our App 'AlCircle News' Android | iOS