HIGHLIGHTS
Metallica agrees to sell the SCONI Project for A$10 million in cash and shares to Australian Mines
Transaction delivers on Metallica’s strategy of focusing on cash producing bauxite assets and unlocking value from non-core assets
Contingent payments secured via a mortgage and caveat over the tenements
Metallica’s total proforma cash balance post Completion Payment will be approximately A$7.5 million
Ann: MLM: Sale of SCONI Project for $10 million, page-2
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