Melior Resources

Primary ticker: TSXV:MLR
Stage of development: Production
Primary minerals: Mineral sands, Phosphate rock
Project to promote: Goondicum mine

Live financials

Melior Resources Inc. (Melior) is a TSX Venture Exchange listed company focussed on assessing, developing and operating resource projects.

Melior’s major asset is the Goondicum Ilmenite and Apatite Mine (Goondicum) located at Monto in Queensland, Australia.

Melior owns the intellectual property rights to the Browne Metallurgical process which is a research and development project investigating the novel use of a niche area of physics to conduct a low temperature separation of iron from TiO2 using ilmenite feedstock.

Melior is implementing a targeted M&A strategy to lever off the technical, marketing and financial capacity of Goondicum to build a growth portfolio of industrial mineral assets.

Management Profile

Mark McCauley – CEO 

Mr McCauley, CEO, has substantial mining industry experience including involvement in the development of several mining projects in Australia and Argentina as well as corporate turnarounds and organisational restructuring. Mr McCauley was a director and Chairman of the Audit Committee for Norton Goldfields Limited from Sept 2007 until Jun 2010 during which time he was also acting Managing Director for a nine month period of restructuring. Mr McCauley served as Chief Financial Officer and Company Secretary for Felix Resources Limited, an ASX listed coal mining company, from Oct 2003 until Feb 2007 during which time it increased its’ market cap from $35 million to over $1 billion. Since 2014 Mr McCauley has been a director and CEO of Melior Resources Inc, a TSXV listed resources company.

What is your rationale for attending 121 Mining Investment?

It is a cost effective part of achieving our corporate and investor relations strategy

What recent news would you like to highlight to investors attending?

The recent restart of the Goondicum mine in Australia has been successful with the mine now ramping up to full production and cash generating status

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Achieve commercial production at Goondicum

6 Months:

Optimise the Goondicum project

12 Months:

Lever off Goondicum to do M&A

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Achieving design production and product quality. This is being worked through by a professional in house team augmented by consulting personnel as required and is make strong progress in achieving the targeted goals.

In a sentence, what do you think makes your company such a compelling investment?

A very low share price