Goondicum Processing Facility Commences Mineral Commissioning
NEWS RELEASE
GOONDICUM PROCESSING FACILITY COMMENCES MINERAL COMMISSIONING
Toronto, Ontario, November 9, 2018 – 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 9th November
The on-site components of the Goondicum construction project have now been completed on schedule
and within the total budget. Work will continue with respect to various off-site infrastructure
upgrades over the next few months.
Wet commissioning on water has been successfully completed and the project has now commenced
mineral commissioning , as per schedule, with first production of ilmenite and apatite successfully
occurring in the last few days . The newly installed equipment and overall facility have performed as
expected and the focus is now moving to recruitment of additional operators and operator training as
production ramps up. The project will operate on day shift only for the next month before moving to
a 24-hour, 7 days per week roster thereafter.
Commissioning and ramp-up of the project is anticipated to extend through Q2 CY2019 as production
and sales gradually increase to full capacity. Ilmenite haulage to the port is planned to begin in
January and the first ilmenite shipment remains scheduled for Q1 CY2019.
The FY 2019 Budget was prepared and approved in April 2018
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2.0
4.0
6.0
8.0
10.0
12.0
14.0
Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19
'000 tonnes
Goondicum FY2019 Budget* Production
Ilmenite Apatite
Commissioning Photos
Photo 1. First ilmenite production
Photo 2. First apatite production
Photo 3. New sieve bend in action
Photo 4. LIMS removing the titano-magnetite
Photo 5. Thickeners removing the slimes
Photo 6. Spirals recovering the valuable HMS
About Melior
Melior is the owner and operator of the Goondicum ilmenite and apatite mine 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 Vancouver, British Columbia. Melior is classified as a Tier 1 Mining Issuer
under the policies of the TSX Venture Exchange.
Forward Looking Statements Disclaimer
This press release contains forward -looking information within the meaning of applicable securities
laws that reflects the current expectations of management of Melior regar ding the Arrangement and
its consummation, including whether conditions to the consummation of the Arrangement will be
satisfied, and the timing for completing the Arrangement. The words “may”, “would”, “could”,
“should”, “will”, “anticipate”, “believe”, “ plan”, “expect”, “intend”, “estimate”, “aim”, “endeavor”,
“project”, “continue”,“predict”, “potential”, or the negative of these terms or other similar expressions
have been used to identify these forward -looking statements. Forward -looking statements are based
upon a number of assumptions and are subject to a number of known and unknown risks and
uncertainties, many of which are beyond management’s control, and that could cause actual results to
differ materially from those that are disclosed in or implied by such forward -looking statements.
There can be no assurance that forward -looking information will prove to be accurate, as actual
results and future events could differ materially from those expected or estimated in such statements.
Accordingly, readers should not place undue reliance on forward -looking information. The following
factors could cause actual results to differ materially from those discussed in the forward -looking
information: failure to satisfy the conditions to completion of the Arrangement, including approval by
Melior Shareholders and Metallica’s shareholders and regulatory and court approval and the
occurrence of any event, change or other circumstance that could give rise to the termination of the
Arrangement Agreement. Additional risk s and uncertainties regarding Melior are described in its
publicly available disclosure documents, as filed by Melior on SEDAR (www.sedar.com) except as
updated herein. This forward -looking information represents management’s views as of the date of
this p ress release. While subsequent events and developments may cause such views to change,
Melior does not intend to update this forward - looking information, except as required by applicable
securities laws.
For further information please contact:
MELIOR RESOURCES INC.
Mark McCauley
Chief Executive Officer
+61 7 3233 6300
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.