Last C$0.08 CAD
Change Today 0.00 / 0.00%
Volume 0.0
MLR On Other Exchanges
Symbol
Exchange
Venture
OTC US
Stuttgart
As of 1:45 PM 10/17/14 All times are local (Market data is delayed by at least 15 minutes).

melior resources inc (MLR) Snapshot

Open
C$0.10
Previous Close
C$0.08
Day High
C$0.10
Day Low
C$0.08
52 Week High
04/10/14 - C$0.16
52 Week Low
10/22/13 - C$0.07
Market Cap
16.9M
Average Volume 10 Days
9.7K
EPS TTM
C$-0.02
Shares Outstanding
211.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MELIOR RESOURCES INC (MLR)

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melior resources inc (MLR) Details

Melior Resources Inc. does not have significant operations. The company focuses on the investment in projects in the mining, metallurgical, and mineral industries. Previously, it was engaged in the exploration, development, and exploitation of coal and coal-related assets in Colombia. The company was formerly known as Coalcorp Mining Inc. and changed its name to Melior Resources Inc. in September 2011. Melior Resources Inc. was incorporated in 1995 and is headquartered in Toronto, Canada.

Founded in 1995

melior resources inc (MLR) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$38.8K
Chief Financial Officer
Total Annual Compensation: C$96.0K
Compensation as of Fiscal Year 2014.

melior resources inc (MLR) Key Developments

Melior Resources Inc. Commences Upgrade and Restart of Goondicum Mine

Melior Resources Inc. commenced the upgrade and restart of the Goondicum mine which it expects to complete during the quarter ending June 30, 2015. Melior acquired the Goondicum ilmenite mine through its acquisition of Belridge Enterprises Pty Ltd, which was completed in May of 2014. highlights of the restart include: expected 50% increase in throughput of the processing plant to 375 tonnes per hour; installation of additional equipment to enhance product quality and recovery as well as plant availability; and construction of a new access road to the mine, reducing haulage distance to port by approximately 35%, or 100km. The Goondicum mine has been in operation several times previously producing and selling over 60kt of ilmenite.

Melior Resources Inc. Announces Restart of Goondicum Mine

Melior Resources Inc. announced restart of the Goondicum mine. Melior has commenced the upgrade and restart of the Goondicum mine which it expects to complete during the quarter ending June 30, 2015. Highlights of the restart include: expected 50% increase in throughput of the processing plant to 375 tonnes per hour; installation of additional equipment to enhance product quality and recovery as well as plant availability; and construction of a new access road to the mine, reducing haulage distance to port by approximately 35%, or 100km. The Goondicum mine has been in operation several times previously producing and selling over 60kt of ilmenite. The company noted that these upgrades will build on the AUD 120 million of historically invested capital and are expected to result in increased production and significantly lower operating costs than those previously achieved by the mine and, as such, are expected to position the mine's cost base in the lowest quartile, ensuring economic production across market cycles. Once restarted, the Goondicum mine will use basic open-pit mining and processing techniques and is expected to produce approximately 200,000 tonnes per annum of ilmenite and associated apatite from its resource base of 1.9 million tonnes of indicated and 1.93 million tonnes of inferred in-situ ilmenite resource. The operation is expected to employ approximately 80 personnel directly and through direct contractor relationships from the local service centres of Monto and Bundaberg. The pre-commissioning capital budget for the restart is AUD 13 million which will be invested over an eight month construction period, and will be followed by a subsequent phase of commissioning and ramp-up. This capital cost budget is based on the Internal Analysis and as noted above is subject to increased uncertainty and risks and there can be no assurance that the actual costs will not materially exceed such budget.

Melior Resources Inc. Announces Restart and Upgrade of the Goondicum Mine

Melior Resources Inc. announced the commencement of the restart and upgrade of the Goondicum mine. Highlights of the restart include: Increased throughput of the processing plant by 50% to approximately 2.8 million tonnes per annum; Installation of additional equipment to enhance product quality, plant recovery and availability; and construction of a new access road to the mine, reducing haulage distance to port by approximately 35%, or 100 km. These upgrades will build on the AUD 120 million of historically invested capital and will result in increased production and significantly lower operating costs than those previously achieved by the mine. These upgrades and higher production rates are expected to position the mine's cost base in the lowest quartile, ensuring economic production across market cycles. Once restarted, the Goondicum mine will use basic open-pit mining and processing techniques to produce approximately 200,000 tonnes per annum of ilmenite and associated apatite from its resource base of 1.9 million tonnes of indicated and 1.93 million tonnes of inferred in-situ ilmenite resource. The operation will employ approximately 80 personnel directly and through direct contractor relationships from the local service centers of Monto and Bundaberg.

 

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