Metro Mining Doubles Bauxite Hill Resource

Mining Weekly reported that Metro Mining Ltd. (FWB:6ME) has more than doubled the direct shipping ore (DSO) inferred resource at its Bauxite Hill resource.

As quoted in the market news:

The company reported on Tuesday that a 24.9-million-tonne DSO inferred resource had now been estimated at the BH1 deposit, at Bauxite Hills, taking the project’s total inferred DSO resource to 47-million tonnes.

Capital costs for the project have been estimated at between A$234-million and A$250-million, depending on the time and development option chosen for the Bauxite Hills project, with operating costs estimated at between A$24/t and A$27/t.

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