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Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 0.0
MLR On Other Exchanges
As of 1:59 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

melior resources inc (MLR) Snapshot

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52 Week High
09/5/14 - C$0.12
52 Week Low
08/27/15 - C$0.03
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melior resources inc (MLR) Details

Melior Resources Inc. engages in the exploration and development of mineral properties located in Australia. Its primary project is the Goondicum Ilmenite project comprising two mining leases located in Central Queensland, Australia. The company was formerly known as Coalcorp Mining Inc. and changed its name to Melior Resources Inc. in September 2011. Melior Resources Inc. was incorporated in 1995 and is headquartered in Toronto, Canada.

40 Employees
Last Reported Date: 09/19/14
Founded in 1995

melior resources inc (MLR) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$38.8K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$96.0K
Compensation as of Fiscal Year 2014.

melior resources inc (MLR) Key Developments

Melior Resources Inc. Provides Operational Update

Melior Resources Inc. provided operational update. Highlights: Production ramp-up at 50%, with 15,000 tonnes of ilmenite produced since start-up; First trial cargo of 6,600 tonnes successfully shipped to customer; On-track for full operational ramp-up of design throughput rate during H2 2015, at 50% reduced scale of operations. The commissioning of the Goondicum mine commenced on 7 April 2015 after a seven-month AUD 7.6 construction programme to upgrade the existing processing facilities. As of 30 June 2015, the operation has produced 15,000 tonnes of ilmenite and 2,020 tonnes of apatite. The plant is currently operating at approximately 50% of its design capacity of ilmenite production, in line with the 6-month ramp-up plan. During commissioning, the plant has consistently operated at above design capacity feed rate of 375 tonnes per hour of ore. Plant commissioning continues with a focus on increasing the recoveries and utilisation rate of the feed preparation plant. The first trial cargo of ilmenite of 6,600 tonnes was shipped on 23 June 2015. Additional trial shipments to several customers in Asia are scheduled during the next quarter.

Melior Resources Inc. Announces the Mineral Commissioning to Commence at Goondicum Ilmenite Mine

Melior Resources Inc. announced the commencement of mineral commissioning of the upgraded and expanded site processing facilities at the Goondicum Mine. Mineral commissioning commenced on April 07, 2015, with ramp up to target capacity of approximately 200,000 tonnes per annum continuing into H2 2015. The project consisted of an upgrade of the existing processing facilities to enhance product quality, increase plant recovery and availability as well as expanding the processing capacity by approximately 50% to 2.8 million tonnes per annum. Commissioning is expected to continue for up to six months before target production capacity of approximately 17,000 tonnes per month of ilmenite is expected to be achieved. The operation is quickly building up to its anticipated employment compliment of 50 personnel with around 30 additional personnel working with associated contractors.

Melior Resources Inc., Annual General Meeting, Nov 19, 2014

Melior Resources Inc., Annual General Meeting, Nov 19, 2014., at 10:00 US Eastern Standard Time. Location: 199 Bay Street, 53rd Floor. Agenda: To consider the audited consolidated financial statements of the corporation for the financial year ended June 30, 2014, together with the auditor's report thereon; to elect the directors for the ensuing year; to reappoint MNP LLP, chartered accountants, as auditor of the corporation and to authorize the board of directors to fix the remuneration of the auditor; to consider and approve to confirm effective the corporation's stock option plan, as amended and restated, for the directors, senior officers, employees and consultants of the corporation and its affiliated entities; and to transact such further or other business as may properly come before the Meeting or any reconvened meeting following an adjournment thereof.


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