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.
News
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12/11/10
Metallica Minerals has A$5.8m cash position ahead of Greenvale resource upgrade -
15/10/10
Metallica Minerals sells down 4 million shares in Orion Metals -
20/09/10
Metallica Minerals reports scoping study signals "robust" NORNICO project economics -
08/09/10
Metallica Minerals edges closer to multi-metal mining and processing at NORNICO -
20/08/10
Metallica Minerals unveils maiden Lucknow Scandium rare earth deposit -
21/07/10
Metallica Minerals hits more scandium mineralised zones at Lucknow -
21/06/10
Metallica Minerals' subsidiary Planet Metals to sell Wolfram Camp project -
10/05/10
Metallica Minerals boosts Kokomo resource with high-grade scandium find -
12/04/10
Metallica Minerals agrees share buyback-transfer with RCF -
15/03/10
Metallica Minerals commence drilling at Greenvale Nickel Project
Recent Sector News
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Toledo Mining has new vision, strategy and potential
Toledo Mining's chief executive Victor Kolesnikov set out his blueprint for the miner in a 20-page presentation delivered towards the end of last year. However, it was summed up at the bottom of the first page, which revealed this was a company with a “new vision, new strategy (and) new potential”.
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African Eagle Resources: Dutwa project puzzle coming together
African Eagle Resources' appointment of two new directors ends a busy week of activity as it moves its Dutwa nickel project nearer to bankable status. It has also hired two specialist companies for vital roles in the preparation of a bankable feasibility study for the Tanzanian project, due at the end of this year.
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Belvedere Resources' off-take extension protects from future nickel price fall, says broker
An extension to an off-take deal provides the firm with protection from any further downside to the nickel price, according to Ocean Equities. The broker says the deal means that the Hitura mine can be expanded without the fear of financial instability.
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African Eagle Resources: City analysts welcome US$5 mln investment from IFC
While the share price remains unmoved today, analysts at Seymour Pierce believe the IFC’s US$ 5 million investment affirms the viability of the Dutwa nickel project.
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ENK to use cash buffer to accelerate Acoje construction
ENK's sale of the Caldag mine will enable it to focus solely on getting its Acoje project in the Philippines up and running, managing director Rob Gregory told Proactive Investors.
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Landore Resources: Poised to take Junior Lake nickel-copper project into development
Canadian minerals explorer Landore is getting closer to establishing a commercial nickel-copper mine at Junior Lake, chief executive Richard Prickett told Proactive Investors.
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ENK should be in good negotiating position for Acoje financing, says Evo
ENK should be in a good position when it comes to negotiating project finance options for the Acoje nickel project, according to analysts at Evolution Securities. The comments come as the firm received the outstanding US$34 million from the sale of the Caldag project.
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African Eagle Resources: shares improve after US$5 million investment from World Bank investor
The news that IFC, a specialist investment body that focuses on frontier and emerging markets, is to take a 10-per cent stake in African Eagle has been welcomed in the City
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ENK’s first nickel product at Philippines pilot plant is “a great development”
Evolution Securities, ENK’s house broker, hailed the achievement and reiterated its ‘buy’ rating for the shares as well as its 50 pence price target
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African Eagle Resources is set for next stage in cycle, says City analyst
African Eagle Resources continues to move forward and has set itself up for the next stage in its lifecycle, according to analyst Matthew McDonald, at broker Seymour Pierce, who rates the stock a "buy" with a price target of 20 pence.
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UPDATE: ENK shares boosted as Caldag sale frees up cash for Acoje nickel project
ENK has made rapid progress on Acoje since Caldag was put on care and maintenance last year. Now with a £25 million cash injection it can complete the bankable feasibility study, which is on-track for mid-2012, without asking shareholders for more money.
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Amur Minerals’ Robin Young highlights steady progress at Kun Manie nickel project
At the moment the group’s main focus is an ongoing exploration programme that will increase confidence, and ultimately the size, of the Kun Manie resource. Young also points out that the approval of the mining licence will be another future catalyst for the group’s shares.
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European Nickel deserves fresh look, says Evolution
Evolution Securities reckons it is time to take a fresh look at European Nickel following the impairment of its troubled Caldag project in Turkey and argues its shares are undervalued.
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Toledo Mining worth more than market value - Ambrian
The news that Toledo Mining’s Berong nickel mine is to be re-opened with ramp-up to full production in the middle of next month made the stock the top riser on the London Stock Exchange this morning. Ambrian Capital called Toledo one of the cheapest metals explorers on AIM, stating its is almost certainly worth more than the current share price suggests.
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African Eagle: a tale of two companies
The shares have more than doubled in value since the group unveiled plans to spin out its Zambian copper division. Here we take a closer look at African Eagle and consider the value triggers that could send the stock soaring even higher.
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European Nickel: Analysts say US$2.84 mln Caldag refund will boost Acoje development
The junior nickel company has banked a US$2.84 million refund from its shelved project in Turkey and the funds are expected to help it progress its new focus, the Acoje nickel laterite project in the Philippines. Evolution’s Louise Collinge reckons ENK is making progress on a number of fronts and the analyst's 55 pence target price sees a recovery for the shares. Meanwhile Fairfax Securities' John Meyer thinks that Acoje's upcoming heap leach trial will be the key to ENK's sucess.
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African Eagle's Davies unveils Zambian investment plan as company prepares to do the splits
Up until now most of African Eagle’s focus and valuation has quite rightly been centred on the impressive Dutwa nickel project. But it is clear that its wider portfolio has much more potential and this new Zambian strategy may present an interesting proposition for investors. The new spin-out company’s most advanced project should start producing later this year, and it has two other priority projects to drill in the high profile Zambian copper-belt.
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African Eagle MD Mark Parker sets record straight on Zambian copper spin-out plans
First and foremost African Eagle is firmly focused on the Dutwa nickel project in Tanzania but recent reports in the Zambian press caused quite a stir. This afternoon, we caught up with managing director Mark Parker who dismissed reports that the AIM-listed mining firm would be splashing out between US$40 and US$50 million into the Mkushi copper project this year. Parker did confirm that it is preparing to step up work on the Zambian copper assets ahead of an eventual spin-out and IPO later this year.
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African Eagle shares advance after significant resource upgrade at Dutwa nickel project
The junior mine developer took almost half the project's inferred resource up into the indicated category. With this giant leap forward analysts are expecting big things as they look ahead to further upgrades and the completion of the pre-feasibility study later this year.
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African Eagle update sets the scene for a transformational year
Kicking off what is expected to be a busy period of activity, African Eagle Resources this morning unveiled a material upgrade to the economics for the Dutwa nickel project in Tanzania. It is one of a series of landmarks and announcements that will come thick and fast in the next 12-18 months as Dutwa moves from pre-feasibility phase of development to a full-blown bankable feasibility study.
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Evolution remains a buyer of European Nickel in the wake of Turkish setback
European Nickel has taken charge of its own destiny in moving its focus from the Caldag project in Turkey to its Acoje asset in the Philippines, according to Louise Collinge, mining analyst at Evolution Securities.
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European Nickel's Purkiss says bureaucracy and politics to blame for delays in Turkey
Deputy chairman Simon Purkiss tells us why the company decided to put its Caldag project on care and maintenance to focus on its development in the Philippines.
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Landore Resources: Finding the hidden depths of Junior Lake
Here our correspondent Wendy Durham looks at Landore Resources and discovers there is far more more to the Lamaune/Junior Lake property in Ontario than meets the eye.
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African Eagle ups Dutwa nickel resource by 13%
African Eagle is making rapid progress at the Dutwa project in Tanzania. This morning's update takes contained nickel to 917,000 tonnes, and work on the feasibility study is ahead of schedule.
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New investor gives European Nickel strong lift
Canadian mining investment specialist Hunter Dickenson is buying US$60 million worth of stock at well above the current market value - signalling what deputy chairman Simon Purkiss called the 'end of the pain' after a difficult 2010.
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African Eagle's new JORC resource for Dutwa exceeds expectations
The new JORC resource has tripled the tonnage and doubled contained nickel at the project in Tanzania, andrepresents a significant step forward in the feasibility work at Dutwa. -

Amur Minerals reports another potential extension to Kun-Manie copper-nickel deposit
A road cut south of the Ikenskoe main deposit exposed what could be a further expansion of the known mineralisation. Test results from samples are pending.
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African Eagle Resources reports exceptional leach test results for Dutwa nickel project
It looks possible that the company will be able to use leaching processes that will require low costs and low acid consumption
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European Nickel looks west for financing
The would be nickel developer is looking to secure some $350 million in finance to develop a world class laterite mining operation to exploit Çaldağ’s JORC proven reserve of 33.2 million tonnes at 1.13% nickel
What do others think of Metallica Minerals
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ENK (AIM: ENK) Building the world's first nickel laterite heap leach operation -
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