Welcome to Metals Australia
Metal Australia Ltd (“Metals” or “the company”) is an Australian exploration company listed on the Australian Securities Exchange under the symbol MLS.
Metals Australia operates in the mineral resource sector, with its focus on exploration for zinc and other base metals in Western Australia, lithium and graphite in Canada and uranium in Namibia.
In Western Australia, Metals holds an interest in two base metals projects. The Manindi Zinc Project is located around 500 km northeast of Perth and is being explored by Metals with a view to expanding the existing zinc-copper resources and examining the project’s newly recognised copper and nickel mineralisation potential. The Sherlock Bay Base Metal Joint Venture Project is located in the Pilbara region, and is being managed and explored by Australasian Resources Ltd (ARH). The project surrounds ARH’s Sherlock Bay nickel deposit, and is prospective for nickel, copper, silver and gold mineralisation.
The lithium projects are located in or near the most advanced lithium region in Quebec. Projects are close to the Authier and Duval lithium deposits. Operating mines such as the Quebec Lithium Mine are also in close proximity. The projects are all accessible by road with access to mining services in nearby towns. There is extensive mineralisation within a well understood geological setting, including spodumene and beryl pegmatite occurrences.
Lac Rainy Nord Graphite project is located in one of the most dominant graphite geological provinces in Quebec. The project is located approximately 22kms southwest of the mining town of Fermont and easily accessed by road. The graphite mineralisation occurs in biotite bearing quartz-feldspar gneiss. Historic assaying has returned samples grading up to 7.86% Graphitic carbon.
The Company has an Exclusive Prospecting Licences over a uranium prospect at Mile 72 (EPL 3308) in the Republic of Namibia in South Western Africa. The Mile 72 Uranium Project is a large uranium project on the coast of Namibia, north of the city of Swakopmund. Some of the highest worldwide uranium grades in recent times have been recorded in surface outcrop and in shallow pits at Mile 72. At Mile 72 Metals is targeting a large high-tonnage moderate grade primary deposit of a similar style to the Rössing and Husab mines to the south.
Metals’ exploration portfolio supports a business model designed to facilitate the discovery and development of economic mineral deposits. The combination of extensive corporate and exploration experience within a lean corporate structure provides the most effective use of shareholders’ funds.