Goondicum Processing Facility Successfully Completes Month One of Commissioning
NEWS RELEASE
GOONDICUM PROCESSING FACILITY SUCCESSFULLY COMPLETES MONTH ONE
OF COMMISSIONING
Toronto, Ontario, December 11, 2018 – Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the
“Company”) today updated the market about th e commissioning progress being made at its
Goondicum Ilmenite Project.
November 2018 Progress
The Goondicum mine commissioning for November progressed largely in line with expectations.
Ilmenite production of 1,777 tonnes for the month was 271% above a budget of 478 tonnes. Apatite
production of 48 tonne was 30% of budget, as initial focus of the team has been on optimizing the higher
value ilmenite production. Focus on apatite will na turally increase throug hout the commissioning
period. In the final week of November the project successfully moved to a permanent 24-hour, 7 day
per week roster. No Lost Time Incidents were recorded during the month.
Commissioning and ramp-up of the project is currently on the scheduled trajectory extending through
to 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
0.5
1.2
4.8
7.9
9.3
10.7
12.3 12.3
0.2 0.3
1.2 1.8 2.0 2.3 2.3
3.7
‐
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 and 2. Ilmenite production stockpile
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 applicab le securities laws that reflects the current
expectations of management of Melior regarding the Arrangement and its consummation, including
whether conditions to the consummation of the Ar rangement will be satisfied, and the timing for
completing the Arrangement. The words “may”, “w ould”, “could”, “should”, “will”, “anticipate”,
“believe”, “plan”, “expect”, “intend”, “estimate”, “aim”, “endeavour”, “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 ri sks 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 st atements. 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 statem ents. Accordingly, readers should not place undue
reliance on forward-looking information. The follo wing 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 appr oval 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 terminatio n of the Arrangement Agreement. Additional risks
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 press 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 Serv ices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.