MLM (ASX) Can it rock on..??

Originally posted by TradersUntied19: ↑

I was wondering the same thing... From my perspective nothing has changed since the Webinar a few weeks ago (my notes below).

Perhaps day traders expected the Scoping Study to be announced already?
Metallica Minerals
ASX: MLM

The world is running out of high quality Silica Sands.
Already have interested parties from around the world
Cape Flattery is renowned for quality exports. The Cape Flattery Silica Sands project is adjacent to the world class Cape Flattery Silica Sands mining and shipping operation owned by Mitsubishi
100% interest- 56Km2
38Mt-Drilling in June will expand this resource
$7m recently raised
MC: ~$15m
~500m SOI
Flannery Family Office on the register.
Looking for additional projects. Will not do a deal that will take focus away from Cape Flattery.
Plan to build a jetty. Jetty could be built 800m from mine. Multiple external stakeholders supported their proposed jetty location. MLM have complete access to the beach.
Drilled on tracks for maiden resource. Further drilling is approved off-track for additional drilling.
22 drill holes = 38Mt
82 holes have been identified fordrilling in June.
Strict QLD restrictions could prevent other companies from building a jetty.Significant competitive advantage is being located within the designated port boundary.
The jetty will have a capital cost but will be a tremendous benefit to the project.
Cultural heritage agreements have been signed.No delays to drilling in June.
Will negotiate employment opportunities for traditional land owners, perhaps will negotiate a royalty when mining in future
Next 6 months with plenty of milestones to come:Metallurgical testwork underway to produce premium product, Continue Environmental studies (June), Scoping Study results to be announced(3-4 weeks away), Follow up drilling program inJuneto further define the resources, Mining Lease Application to be submitted(3-4 weeks), Preliminary discussions with Off-Take Partners (underway), Further investigation of infrastructure options (likely to build own jetty), Pre-Feasibility Study underway(starting mid-year, complete in Q4 2021)
Hoping to only need to go through an EA process and not a full Environmental Impact Statement. (Timeline dependant on the federal government)
Undervalued when compared to peers. VRX significant kilometres to travel to get their product on a ship. DRX are in the same region and are located outside the designated port area.
The next drilling program will have ameasuredcomponent.Proven and probable resourcewill come Q3-Q4 this year, for the PFS.
Cape Flattery Silica is the brand and will be used throughout the project

Expand

maybe daytraders, maybe tax selling.
with the profits made over the last 12 months, this year's tax season will be silly. I've been selling anything in the red over the last week or so. It's a critical time to keep to deadlines. Something needs to be released this week or we will sink lower. Waiting on lots of things!!!

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(20min delay)
Last 3.4¢		Change 0.002(6.25%)		Mkt cap ! $32.63M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.4¢	$27.94K	821.9K

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