Metro Mining (ASX:MMI) has been granted an ASX trading halt in relation to the release of a Pre-Feasibility Study and Reserve statement for its Bauxite Hills Project in Queensland.
Yesterday, the company estimated a JORC2012 Indicated Resource of 30.3 million tonnes of direct shipping ore (48.4% total AI2O3, 15.5% SiO2) for the BH6 deposit at the project.
Total DSO resource (Indicated and Inferred) at the Bauxite Hills project is now 61.5 million tonnes at a grade of 49.9% total Al2O3, 12.2% total SiO2.
In addition, bauxite quality results confirm the DSO product is suitable for export.
The halt will last until the earlier of the announcement being made or the start of trading on Thursday, 19th February 2015.
Metro Mining (ASX:MMI) has been granted an ASX trading halt in...
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