Melior Resources | TSXV: MLR

Melior is focused on facilitating the restart of operations at the Goondicum Mine

Goondicum is a past producer of ilmenite and apatite, 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

The Company

Welcome to Melior Resources Inc.

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 (Nov 2016) of Goondicum, completed by a leading industry consultant, using their own medium and long term ilmenite price forecasts, confirmed the project as being economically attractive with an after tax rate of return of 178% and an NPV of US$52.8M. This study is based on required capital expenditure of US$5.96M over a six month period to yield a life of mine average annual ilmenite production rate of 181,000 tonnes.

Since late 2016, sulphateable ilmenite prices have improved by almost 300% on their 2015 lows making a restart of Goondicum a very attractive proposition. The Company is now focused on restarting Goondicum and is in discussions with a range of prospective strategic partners to this end.

For more project information click here.