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Metallum Limited (MNE)
is a publicly listed company on the Australian Securities Exchange (ASX).


{{businessSummary}}

General Overview

Company Strategy

Metallum Limited (ASX: MNE) is an ASX listed, Australian based exploration company established to explore, evaluate and acquire commercially significant resource projects in Australia and overseas.

The Company listed on the ASX on 1 July 2011 as Mining Group Limited. The Company then changed its name to Metallum Limited on 16 June 2014.

Metallum seeks to increase shareholder wealth primarily by the exploration of the prospective El Roble Copper Project in Chile, which the company has signed an exclusive option to acquire, and by the identification and evaluation of potential new mineral projects and opportunities in Australia and overseas suitable for acquisition and development. Metallum also seeks to develop their Philippines project, Comval Copper Project, and Australian based projects including Boorara and Teutonic.

Metallum has a strong Board and management team who collectively have considerable technical, commercial and corporate experience in the resources sector.


Projects

El Roble Copper Project

Metallum’s El Roble Copper Project is located approximately 25 kilometres east of the port city of Caldera, within Region III of Chile. The project is ideally located close to the coast in the vicinity of an operating port, within 80 kilometres of Copiapo, a major regional mining centre, and within 90 kilometres of three copper toll treatment facilities. The El Roble Copper Project consists of more than 7,800 hectares of granted concessions and applications covering a strike extensive, IOCG associated copper/gold vein system. Historic production within the project area during the latter half of the 19th century is reportedly between 500,000 and 1,000,000 tonnes of copper-bearing ore at a cut-off grade of 9% copper.

Comval Copper Gold Project

In January 2012 Metallum acquired 80% ownership of the Comval Copper Gold project from Canadian listed Cadan Resources. Total consideration paid to Cadan to date is $3 million cash and 2.6 million shares. Cadan will be free carried until agreed minimum expenditure commitments are met on the Project.


Location

The Comval Project is located in the established copper and gold producing region of the Compostela Valley on the Philippine island of Mindanao. A number of major copper and gold deposits occur within the region and the Project is prospective for copper and gold deposits associated with porphyry systems. Comval is located close to a number of major deposits such as Co-O (Medusa) (2.5 million oz. Au) and King-king (St Augustine) (5 billion lb Cu, 10.3 million oz. Au). Dilwalwal (Philippines Mining Development Corp) (10.2Mt @ 9.6g/t) is located just 15km to the north on the same structure.

Teutonic Project

The Teutonic Project consists of one granted Exploration Licence, numbered E37/1037, located in the Eastern Goldfields of Western Australia. The Teutonic Project is prospective for gold and base metals.

The Company has entered into a Farm In and Joint Venture Agreement with the registered holder of the Project, pursuant to which it may earn an initial 70% interest in the tenement on meeting certain conditions.



Contact Info

Metallum Limited

Suite 5
62 Ord Street
West Perth, WA
AU Australia, 6005

Phone: +61 8 9322 4328
Fax: +61 8 9322 5230
Email: admin@metallum.com.au
Website: http://www.metallum.com.au/

Click here to view the interactive map
Metallum Limited Google Map
Metallum Limited Google Map

Share Registry

Automic Registry Services - Click here to view share registry profile

Phone: +61 8 9324 2099
Fax: +61 8 9321 2337
Email: info@automic.com.au
Website: http://www.automic.com.au/

Suite 1A, Level 1
7 Ventnor Avenue
West Perth, WA
AU Australia, 6005


Important Information

The General Overview, Services, Products and Projects information for this profile was last edited on 02 Mar 2017.

All Financial Data is provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Share Prices nor any independent data provider is liable for any informational errors, omissions or other defects, incompleteness, or delays, or for any actions taken in reliance on Financial Data.

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