MKY builds its bauxite exploration portfolio to almost 3000km2 in the world class bauxite province of Cape York.
Additionally MKY has applied for 6 bauxite exploration permits close to Weipa, Port Musgrave and Aurukun in Cape York, Queensland.
These applications cover some 1,098 square kilometres of highly prospective terrain close to some of the words highest grade bauxite deposits.
Some of these permits have substantial areas of bauxitic laterite according to government geological maps
They are well positioned for potential infrastructure considered for the development of the Aurukun and Pisolite Hills deposits.
MKY recently announced that it had signed an agreement for the acquisition ofDelminco Pty Ltd
Delminco owns numerous prospective bauxite projects in Cape York which are of interest to MKY
These permits, in addition to the Delminco properties will give MKY a substantial ground position (≈ 3000km2) in a world class bauxite province.
MKY is in preliminary discussions with Chinese interests in potential investment in this package of bauxite projects and a delegation will visit MKY office and exploration properties in coming weeks.
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