www.metallicaminerals.com.au
Metallica Minerals are a multi commodity resource company with major interests in
Nickel-Cobalt
Coal – Energy
Bauxite
Tungsten
Copper-Gold
Since its establishment in 1997 and ASX listing in November 2004, Metallica Minerals (ASX code: ‘MLM’) has maintained a core focus on the sustained development of its flagship NORNICO nickel-cobalt project in northern Queensland, while expanding its business through a complementary series of strategic resource project acquisitions, non-core asset sales, corporate alliances, and cutting-edge technological advances.
Metallica Minerals sells down 4 million shares in Orion Metals
Metallica Minerals (ASX: MLM), which holds approximately a 25% shareholding in Orion Metals (ASX: ORM), has sold down 4 million of its shares in Orion at 25 cents, raising $1 million.
The partial sell down is in parallel with Orion's share placement annouced today to ensure adequate funds to advance the Killi Killi Project in Western Australia and to seek further opportunities within the Rare Earth and Gold exploration space.
The sell down is to assist with strong demand for shares and provide additional market liquidity.
Metallica intends to immediately reinvest a portion of the funds to exercise their 1.4 million options which expire in February 2011, demonstrating its ongoing support for the Killi Killi Project and Orion Metals.


















