Melior Engages Leading Scientific Agency Csiro to Advance Its Browne Technology
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NEWS RELEASE
MELIOR ENGAGES LEADING SCIENTIFIC AGENCY CSIRO
TO ADVANCE ITS BROWNE TECHNOLOGY
Toronto, Ontario, Feb 22, 2018 – Melior Resources Inc. (T SXV: “MLR”) (“Melior” or the “Company”) today announced it
has, through its subsidiary Goondicum Resources Pty Ltd, en gaged the Commonwealth Scientific Institute and Research
Organisation (CSIRO) to assist in advancing Melior’s innov ative Browne processing technology. The Browne processing
technology incorporates a niche area of physics with a conventio nal pyro-metallurgical process. It has previously recorded
benchtop test results which the Company believes are unique an d potentially transformative to mineral sands processing. The
Browne process works to upgrade the TiO2 content of standard sulphate ilmenite from approximately 50% TiO2 up to +80%
TiO2 at temperatures as low as 1,300 degrees Celsius compared to conventional slagging processes which require temperatures
in excess of 1,600 degrees Celsius. The lo wer temperature process has potential to significantly reduce the capital costs, ener gy
consumption, and operational complexity compared with conventional slagging facilities.
The research will involve a review of the work that has already been done with a view to enhancing the scientific understanding
of the mechanisms involved. Further stages will establish the feasibility of scaling the technology up from benchtop level to
pilot plant scale.
Mr Mark McCauley, Melior’s CEO stated, “We are thrilled to be engaging with CSIRO and are looking forward to advancing
this innovative technology to the next level. In addition to potentially enhancing the economics of Goondicum, if successful,
a commercially viable process could allow several options for mone tization of the technology such as through the direct sale
of the IP, the sale of equipment utilizing the technology, and/ or utilizing the technology to upgrade purchased ilmenite and
profitably value add. Our immediate focus is to transition the Br owne process from a benchtop technology to a pilot plant scale
and we believe that CSIRO are best positioned to explore that.”
As Australia’s innovation catalyst, CSIRO has advanced innovations that have had a positive impact on people, the planet
and industry around the world, across a diverse range of fields. This project leverages CSIRO’s expertise in process science and
engineering, including high temperature processing of minerals.
About Melior
Melior is the owner and operator of the Goondicum mine, a past-producing 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 matter s 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.
Going Concern Risk
As described in Melior’s most recent MD&A, the continuing operations of the Company are dependent upon its ability to continue
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to raise adequate financing, to commence profitable operations in the future, and repay its liabilities arising from normal business
operations as they become due. There remains a significant risk that the Company is unable to find alternative sources of financing
for on-going working capital requirements. These material un certainties cast significant doubt upon the Company’s ability to
continue as a going concern.
Failure to obtain sufficient financing could result in a delay or abandonment of the Goondicum Mine and could force the Company
into reorganizatio n, bankruptcy or insolvency proceedi ngs. Additional financing may not be available when needed or, if
available, the terms of such financing might not be favorable to the Company and might involve substantial dilution to existing
shareholders. Failure to raise capital when needed would have a material adverse effect on the Company’s ability to pursue its
business strategy, and accordingly could negatively impact the Company’s business, financial condition and results of operations.
For further information please contact:
MELIOR RESOURCES INC.
Mark McCauley
Chief Executive Officer
+61 7 3233 6300
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.