Melior considers restart of Goondicum ilmenite mine

By Kasia Patel
Published: Tuesday, 06 December 2016

After placing its ilmenite mine on care and maintenance last year owing to a weak market, Melior has now completed a PEA for the operation and is looking for a strategic partner to help bring production back online.

TSX-listed Melior Resources Inc. is looking at restarting its mothballed ilmenite production facility in Queensland, Australia after taking production offline in 2015 in response to week market conditions. 

The company has now announced the completion of its preliminary economic assessment (PEA) for the project, estimating net present value (NPV)...

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