METALLICA MINERALS LIMITED METALLICA MINERALS LIMITED | ASX:MLM
QUARTERLY REPORT
SEPTEMBER 2022
Metallica Minerals Quarterly Report
ASX
RELEASE
30 September 2022 Quarterly Report
18 October 2022
Metallica Minerals is an Australian development company focused on delivering high purity silica sand to a diversified global customer-base.
ASX: MLM
Metallica Minerals Limited (ASX: MLM) ("Metallica", "the Company") is pleased to present its activities report for the quarterly period ending 30 September 2022.
Directors
Theo Psaros Executive Chairman
Brad Sampson Non-Executive Director
Mark Bojanjac Non-Executive Director
Senior Management
Scott Waddell CFO & Company Secretary
Nicholas Villa General Manager,
Cape Flattery Silica Sand Project
CORPORATE
AS AT 30 SEPTEMBER 2022
Issued Capital
670,699,701 Ordinary Shares
179,630,557 Listed Options
19,000,000 Unlisted Options
Shareholders
1,450 shareholders
Top 20 shareholders hold 57.1%
Largest Shareholders
Ilwella Pty Ltd - 22.6%
SpartagAG - 9.7%
Dostal Nominees Pty Ltd - 6.1%
Rookharp Capital - 2.6%
Sibelco Asia Pacific Pty Ltd - 2.4%
Cash Balance
As at 30/09/2022, MLM's cash balance was approximately $3.6m
Website
metallicaminerals.com.au
A short video presentation on our Cape Flattery Project is available on our website.
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KEY EVENTS
Queensland Government confirms Cape Flattery Silica (CFS) Project falls within Cape Flattery Port Area
JukesTodd appointed as Study Manager for the CFS Project
$3.6 million in cash is available at quarter end, with no debt
Drilling completed at the Western Areas and intersects high purity silica
Progressive rehabilitation Closure Plan (PRCP) Community Consultation completed for the CFS Project
Memorandum of Understanding signed to progress off-take agreement with Mitsui on the CFS Project
Full year statutory accounts and Annual Report lodged
Metallica Minerals Quarterly Report
DEVELOPMENT & EXPLORATION CAPE FLATTERY SILICA SANDS
MLM
Interest
100%
The Cape Flattery Silica Project is adjacent to the | Environmental Studies |
world class Cape Flattery Silica Sand mining and | The Company, along with our external environmental |
shipping operation owned by Mitsubishi. | |
During the September 2022 quarter, the Company | consultants, have completed an array of |
environmental studies at the CFS project. These | |
continued to advance through numerous studies, | studies have included soil sampling, ecological |
approval processes and stakeholder engagement | studies and water monitoring. |
activities that are all key components of our project | The company is planning to lodge a Referral |
development for the Cape Flattery Silica Sand | |
Project. In particular, there has been significant | Application for the CFS Project to the Australian |
progress on the preparation of Federal and State | Government's Department of Climate Change, |
environmental applications. | Energy the Environment and Water. This is due |
to occur in Q4 2022. | |
Definitive Feasibility Study underway | The Environmental Application is now planned to |
The Definitive Feasibility Study (DFS) is underway | be lodged in Q4 of this year to the Queensland |
Department of Environment & Science (DES). | |
and is planned for completion in mid 2023. | The Company also plans to lodge a Progressive |
JukesTodd has been appointed as the Study | |
Rehabilitation and Closure Plan (PRCP) with DES. | |
Manager for the DFS. The study will include the | The PRCP will outline how rehabilitation will be |
design, engineering and planned delivery of the | undertaken progressively throughout the life of |
Cape Flattery Silica operation producing 1.35Mt of | the project and what work will be undertaken |
high-purity silica sand per annum. | when the project is completed. The roadshow to |
The DFS team visited the Cape Flattery site in early | representatives of Dingaal and Nguurruumungu |
clans, local councils and other key stakeholders to | |
September to inspect the project location. | |
inform them of the PRCP and seek feedback was | |
completed in September 2022. The feedback from | |
all parties remains positive. |
L-R: Boyd Dale and David Bainbridge (JukesTodd), Tycho Buningh (Royal HaskoningDHV), Shailand Deeral- Rosendale (Walmbaar) and Nicholas Villa on-site at Cape Flattery
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Metallica Minerals Quarterly Report
L-R John Deeral, Raynard Baru, Shailand Deeral-Rosendale, Stanton Thompson, Nicholas Villa (General Manger), Theo Psaros (Chairman), Tayna Yoren, Fabian O'Burns and Kenneth McLean - Dingall Clan representatives.
Traditional Landowner update
To date, four meetings have been held with the Negotiation representatives of the clans who are the traditional landowners of the planned Mining Lease Application (MLA) area. The Company has met with the Dingaal and Nguurruumungu representatives and their respective legal advisors and the negotiations are continuing.
In August 2022, the Company welcomed seven members of the Dingaal Clan to our Brisbane office to meet with our staff and introduce them to the Definitive Feasibility Study group. Chairman, Kenneth McLean addressed the group and discussed the importance of country and other Cultural Heritage matters.
Importantly, the negotiations have been held in a professional and respectful manner with significant information on the project being shared with the negotiating parties from each clan.
Purpose-built Jetty Development Application
A Development Application (DA) to the Queensland Government is being finalised for approval for the construction of a purpose-built jetty for the CFS Project.
On 13 September 2022, the Company received a letter from Department of Resources (DoR) clarifying the approvals pathway for port operations associated with existing or future silica project proposals on Cape York.
The planned jetty is located within the Cape Flattery Port limit (see Figure 1 below). The Cape Flattery Port is already in operation, loading silica sand onto ships for export and is an area with existing approval for marine operations such as being contemplated by the Company.
The Jetty Development Application process has required engagement with a number of Queensland Government departments as well as the Hope Vale Aboriginal Shire Council and Cook Shire Council. The DA is expected to be lodged in Q4 of this year.
Potential Offtake partners
In August 2022, the Company announced it had signed a Memorandum of Understand MoU with Mitsui & Co., Limited (Mitsui), Mitsui is one of the largest global trading and investment companies based in Japan.
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Metallica Minerals Limited published this content on 18 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2022 04:02:03 UTC.
