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Metro Mining heads to market

Metro’s exploration exposure covers 1,800 square kilometres on Cape York.

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Cape York bauxite is well known and well received by the Chinese market

Metro Mining Ltd (ASX:MMI) remains focussed on its Bauxite Hills Mine, which is in production just 10 months after construction commenced.

The company recently received its first payment from off-take partner Xinfa Group following the first shipment of bauxite arriving in China.

READ: Metro Mining receives first revenue and accelerates ramp-up

Metro is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Wednesday 20 June 2018, or earlier if an announcement is made to the market.

Quick facts: Metro Mining Ltd

Price: 0.061 AUD

ASX:MMI
Market: ASX
Market Cap: $84.72 m
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