MKY builds its bauxite exploration portfolio to almost 3000km2...

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.