introduction

MLM: http://www.metallicaminerals.com.au/

Shares: 102.3 mill. Unlist options: 15 mill. Share price: 75 cents

The company is very well balanced and has a number of projects, including JVs.

20 Nov 2006: Strengthens Alliance with Kagara Zinc
http://sa.iguana2.com/cache/01937f0e1b162b7b59629c74bb744f1f/ASX-MLM-182865.pdf


3 Nov 2006: Presentation Bribane Mining Conference
http://sa.iguana2.com/cache/c65c4d53953aaf9416969afc157ef837/ASX-MLM-182380.pdf


1. THERMAL COAL- Kingaroy Resources
A1: 4 July 2006: METALLICA INCREASES BLACK COAL RESOURCES AT KINGAROY. It has some 196 mill tonnes sofar:
http://sa.iguana2.com/cache/35afc38bf654aa82986e09ad2c19ea1d/ASX-MLM-178451.pdf

A2: 7 June 2005: InterCOAL to list: Disclosure Doc. Lodged
http://sa.iguana2.com/cache/3161303549298b0b62b1b1b58b40e055/ASX-MLM-168643.pdf
This progresses the divestment of Metallica’s wholly owned subsidiary, SE QLD Energy Pty Ltd (which holds 100% of the Kingaroy Coal Project – EPC 882) from which Metallica will receive 30 million fully paid Shares each with one free attaching option at $0.20 (expiring on 30 November 2009). Metallica would become the largest shareholder upon listing, holding approximately 40% of the company. In addition MLM will receive a royalty payment of $0.40 per tonne for any coal produced from within the EPC 882.


B. 31 Oct 2006: Metallica in $2 million coal-to-liquids Joint Venture with EMC, a subsidiary of Brisbane-based coal-to-liquids specialist, Ambre Energy Pty Ltd who is the majority shareholder and project manager of a US based company with coal to liquids expertise and technology, and an operating pilot plant.
http://sa.iguana2.com/cache/ed8407bec0d51f24939b2227b762226c/ASX-MLM-182216.pdf


C. 12 May 2005: Metallica Signs Condamine Coal JV with Internickel
http://sa.iguana2.com/cache/6ef14307db1ae400a2497e92e4c84975/ASX-MLM-168088.pdf


D. 18 May 2006: Adds Value to Coal Assets with Investigation of UCG (Underground Coal Gasification)
http://sa.iguana2.com/cache/fe0ee970d50474c32c6da4534bb2cd53/ASX-MLM-177069.pdf


2. WEIPA ALUM. BAUXITE
A. 24 Aug 2006: Chinese Refinery Takes Option over Metallicas Bauxite Play
http://sa.iguana2.com/cache/e466df07ee7824b700f392af8bbe1a03/ASX-MLM-179860.pdf

B. 13 Dec 2006: Weipa Bauxite Project Update An initial ore resource estimate for the Wenlock bauxite deposit on Cape York Peninsula, owned by specialist bauxite company , Cape Alumina Pty Ltd – in which Metallica Minerals Limited (ASX code MLM), has a 50% stake – is now expected to be completed and released in late January 2007.:
http://sa.iguana2.com/cache/6bae20120e71ac10d4886bd53adf5277/ASX-MLM-183748.pdf


3. NICKEL
A. Nornico Deposits (100% owned)
26 Oct 2006: The Scoping Study for a potential 1.5 Mtpa heap leach operation, to produce in the order of 10,000 tpa of contained nickel metal was positive. Metallica is now progressing the heap leach project to a Pre-feasibility study stage.

23 Nov 2006: Resource estimate: 29.7 mill tonnesof ore-See table for metals and grades: (About 222,000 tonnes of nickel, mostly inferred):
http://sa.iguana2.com/cache/a6a7b5de72496085947ecd1b94316d94/ASX-MLM-183050.pdf

B. Lucky Break Deposit
2006: Lucky Break Heap Leach Nickel Test Update
http://sa.iguana2.com/cache/f3a4d73cdbe74214c71c549b998b3d6b/ASX-MLM-183301.pdf


C. 16 Aug 2005: Metallica signs nickel JV with BHP Billiton
http://sa.iguana2.com/cache/e5e4a04e52eb207cd08e27170ae2ed28/ASX-MLM-169942.pdf


D. 18 Sept 2006: Drill Rig Mobilised to Test Prospect EM targets
http://sa.iguana2.com/cache/bfb173db5dc1f734619af4a8590adb16/ASX-MLM-180650.pdf


4. URANIUM
19 Oct 2005 Glengarry targets Uranium on Metallica Nickel tenement; earning 80%
http://sa.iguana2.com/cache/98eb847cd4fab1e30aba1e58e2b47dd7/ASX-MLM-171690.pdf


5. MINERAL SANDS
1 June 2006 Metallica Farms out Mineral Sands
http://sa.iguana2.com/cache/3ceace877104939f822c08b40a30ef97/ASX-MLM-177448.pdf


Subject to audit,

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.