Melior is restarting operations at the Goondicum Mine and targeting production by November 2018

Goondicum has extensive infrastructure in place, and is primed for low cost operations

Recently completed PEA shows a robust, low capital, high return project at current prices

Ilmenite is a titanium feedstock used for the production of pigment required in a wide range of industrial applications

Goondicum apatite is environmentally friendly and ideally suited to organic fertilizer manufacturing

 

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The Company

Welcome to Melior Resources Inc. (TSXV:MLR) 

Melior Resources Inc. (Melior) is a TSX Venture Exchange listed company focussed on assessing, developing and operating resource projects.

Melior’s major asset is the Goondicum Ilmenite and Apatite Mine (Goondicum) located at Monto in Queensland, Australia. Goondicum was placed on care and maintenance in July 2015 due to very weak ilmenite prices.  A recent Preliminary Economic Assessment (Apr 2018) of Goondicum, completed by a leading industry consultant, using their own medium and long term ilmenite price forecasts, generally confirmed the results of the Company’s internally prepared feasibility study, projecting Goondicum as being economically attractive with an after tax rate of return of 92% and an NPV of US$46.4M.  This study is based on required capital expenditure of US$7.0M over a six month period to yield a 9 year mine life with an average annual production of 160,000 tonnes of ilmenite and 40,000 tonnes of apatite.

Melior is now fully funded and preparing to restart production at Goondicum by November 2018 with the project anticipated to be cash positive by second quarter 2019.

For more project information click here.