TORONTO, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) today updated the market about the progress being made at its Goondicum Ilmenite Project towards the commencement of production.
Progress as at 14th September
The construction project remains on budget and on schedule for start of production in November 2018.
The overall project, including procurement and construction activity, is 77% complete with just under 14,000 manhours worked to date. No lost time safety or environmental incidents have been recorded.
Mark McCauley, Melior CEO, said, “The site is looking fantastic and the project remains on track for start of production in November. An experienced operations team is starting to assemble on site with detailed planning of the soon to be commenced commissioning process being the focus for the team.”
Figure One, below, shows the estimated progress of each of the individual activities followed by photographs of work completed.
Figure One is available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/0b4bf6ad-ae8c-45ab-b286-29e6ea5ede59
Photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/b1d13175-3f44-4ba4-8926-0141f02a81b1
http://www.globenewswire.com/NewsRoom/AttachmentNg/e8986497-3fa3-498c-9a94-634bba316d78
http://www.globenewswire.com/NewsRoom/AttachmentNg/0b354c6e-ccd7-4fda-89fd-54ec3756fba0
http://www.globenewswire.com/NewsRoom/AttachmentNg/973ed775-e014-430c-b3c3-298824d53263
The next project update will be provided in early November.
About Melior
Melior is the owner and operator of the Goondicum ilmenite and apatite mine strategically located in Queensland Australia. Further details on Melior and the Goondicum mine can be found at www.meliorresources.com and regulatory filings are available on SEDAR.
Melior is incorporated under the provisions of the Business Corporations Act (British Columbia) and has a registered office in Toronto, Ontario. Melior is classified as a Tier 1 Mining Issuer under the policies of the TSX-V.
Forward Looking Statements Disclaimer
Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Such statements can typically be identified by terminology such as ‘‘may’’, ‘‘will’’, ‘‘could’’, ‘‘should’’, ‘‘expect’’, ‘‘plan’’, ‘‘anticipate’’, ‘‘believe’’, ‘‘intend’’, ‘‘possible’’, ‘‘continue’’, “objective” or other similar expressions concerning matters that are not historical facts. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Melior does not undertake to update any forward-looking statements; such statements speak only as at the date made.
For further information please contact:
MELIOR RESOURCES INC.
Mark McCauley
Chief Executive Officer
+61 7 3233 6300
mark.mccauley@meliorresources.com
Investor Relations
Andreas Curkovic
Proconsul Capital
+1-416-577-9927
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.