ASX ANNOUNCEMENT AND PRESS RELEASE
1 JUNE 2007
YUNNAN NICKEL GROUP EXECUTES AGREEMENT TO SUBSCRIBE FOR
5.38 MILLION METALLICA SHARES AT $1.10 PER SHARE –
A$5.9 MILLION INVESTMENT
Metallica Minerals Limited is pleased to announce it has executed a share subscription
agreement with the Yunnan Tin Australia Investment Holding Company Pty. Ltd, (YTA) a wholly
owned subsidiary of Yunnan Tin Group (YTG). The subscription agreement provides for YTA to
subscribe for 5.38 Million Metallica shares at $1.10 per share. This equates to 5% of Metallica’s
expanded capital following the placement.
The Yunnan Tin group is the world’s largest producer of tin, it produces basemetals and also has
subsidiaries producing nickel from the heap leaching of nickel laterite ores in Yunnan Province
China. YTG developed the worlds first commercial scale heap leach nickel operation in 2005.
YTG is also a substantial shareholder in the recently listed YTC Resources Limited (ASX-YTG),
and has significant shareholdings in two listed companies; Yunnan Tin Co. Ltd and Sino-
Platinum Metals Co. Ltd which are listed on Shenzhen Stock Exchange and Shanghai Stock
Exchange respectively. Yunnan Tin Group is listed as one of the top 520 largest Chinese
industrial enterprises sponsored by the Chinese government.
Andrew Gillies, Managing Director of Metallica Minerals Limited attending the China Nickel 2007
Conference in Shanghai, said “Yunnan Tin is a pioneer in heap leaching of nickel and has
invested in Metallica after completing a site visit to Metallica’s NORNICO and Lucky Break nickel
projects earlier this year. We welcome YTG as a strategic shareholder in Metallica Minerals and
see their investment and heap leach nickel experience as a strong vote of confidence in
Metallica’s nickel heap leaching projects which are advancing through feasibility study stage”.
Mr Gillies said “With forecast total funds of over $10 million on hand following completion of this
placement, Metallica will have more than sufficient funds to complete the NORNICO heap
leaching nickel project feasibility study, and will have it’s funding needs covered for a year.”
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