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Metallica Minerals to reveal sale details

The halt will remain in place until Wednesday 6th September 2017.

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Metallica aims to be Australia's next bauxite producer

Metallica Minerals Ltd (ASX:MLM) is preparing to provide an update regarding the proposed sale of one of its projects, with the ASX granting a trading halt to prepare.

Metallica has a vision is to be producing 5-7 million tonnes per annum of bauxite over the coming 3 to 5 years.

Besides its bauxite interests, the company's portfolio also includes nickel, cobalt and scandium at Sconi, along with a graphite and silica sands interest.

The halt will remain in place until the opening of trade on Wednesday 6th September 2017, or earlier if an announcement is made to the market.

Quick facts: Metallica Minerals Limited

Price: 0.013 AUD

ASX:MLM
Market: ASX
Market Cap: $4.21 m
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