Metro Mining (ASX:MMI) is focussed on the Bauxite Hills Project which is located in the world renowned bauxite province of Cape York, in Queensland, Australia.
At the project pre-development and approvals have commenced, with a Pre-Feasibility Study completed. Production is on schedule for Q3 2016.
The company is well-funded with A$4.6 Million in cash at the end of March 2015.
The company has this morning been granted trading halt by the ASX, with the reason 'pending a resource and reserve upgrade'.
The halt will last until the opening of trade on Wednesday 3rd June 2015, or earlier if an announcement is made to the market.
Metro Mining (ASX:MMI) is focussed on the Bauxite Hills Project...
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