MLS 5.26% 2.0¢ metals australia ltd

This is information within today's ann. Metals Australia is...

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    This is information within today's ann.

    Metals Australia is planning to complete road construction to key prospect areas providing all weather
    access. This will substantially reduce the cost of all drilling programs. Access to the project is currently
    achieved by utilising the network of existing public roads surrounding the project and requires the use of
    helicopters to move personnel and equipment within the project area during winter. With the construction
    of all-weather roads to key prospect areas within the project, the Company will benefit from lower-cost
    access during exploration programs as well as being able to operate twelve (12) months of the year.
    The Company is currently preparing its permits for road construction which will be submitted during May
    2018 and anticipates receipt of the permits during June 2018. Construction of the roads is expected to
    commence during early July 2018 as soon as permits are granted.
    Constructing ground access to key prospect areas will provide the Company with all-weather / all-year
    access up to and throughout the high priority targets at the project, removing the requirement to have a
    helicopter on site to facilitate movement of the drill rig and field crew.
 
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