Metallica Minerals: Raises $3.04 million to progress Cape Flattery silica sands

Metallica Minerals Raises $3.04 million to progress Cape Flattery silica sands

• Metallica Minerals (MLM) raises $3.04 million to continue funding its silica sand project in the Cape Flattery dune field on the north-east coast of Queensland
• The share price of 3.1 cents represents a 7 per cent premium to the closing price of 2.9 cents on 11 February last year
• The placement leaves Metallica with over $7 million to progress its program of activity for the year
• Executive Chairman Theo Psaros said the support Metallica has secured is a testament to the delivery of the company’s strategy
• Shares in Metallica were trading up 6.9 per cent at 3.1 cents