us property settlement

US Property Settlement
ASX Release – 2 February 2012
MHM Metals Limited (ASX:MHM) is pleased to announce the settlement of a
property purchase contract over a 115-acre industrial site in Russellville,
Kentucky. The property is the planned location for construction of MHM’s first
US salt cake and black dross recycling facility.
The final settlement figure of $838,761 was funded from MHM’s existing cash
reserves. The company is in the process of finalising process plant design and
costing, with a number of existing buildings on site expected to decrease both
time and expense of plant construction. The site is zoned correctly for its
purpose.
After assessing over 30 sites throughout the middle Tennessee and southern
Kentucky region, the Russellville site is the preferred location for plant
construction. Factors included:
• Identification of in excess of 350,000 tonnes per annum of salt slag and
black dross within an economic radius of the plant site
• Government support and incentives, not only financial but also the probusiness environment in Logan County
• A highly skilled local workforce and availability of workers
• Availability of rail along the property boundary
• Availability of ample electricity supplies to the property for initial and
future requirements
The large land-holding provides ample opportunity for MHM to grow, and to
accommodate additional associated technologies under development.

Additional Plant Location Opportunities
MHM continues to engage with a number of companies with operations in north eastern United States and
south eastern Canada to assess further salt slag and black dross recycling opportunities. A substantial
volume of material has been identified in this region as well as companies supportive of MHM’s business that
recognise the imperative to cease landfilling. Management’s primary focus in the US continues to be on the
construction of the Russellville Kentucky facility, although with its high growth objectives the company is
assessing other compelling site alternatives