ASX RELEASE 30 DECEMBER 2016 SHORT TERM LOAN REPAID

Brisbane bauxite developer, Metallica Minerals Limited (Metallica) (ASX:MLM), is pleased to announce that it has received repayment in full of $540,000, inclusive of $40,000 of interest, from Green Coast Resources Pty Ltd (GCR) in accordance with the Short Term Loan as announced on 4 October 2016. The purpose of the Short Term Loan was to provide working capital to GCR so it could achieve its maiden bauxite shipment (see ASX Release 4 October 2016). GCR have now made three bauxite shipments and have proven the barging and transhipping infrastructure that will be utilised to export Direct Shipping Bauxite from the Urquhart Bauxite project.

For more information please contact:-

Simon Slesarewich

Chief Executive Officer

Phone: + 61 7 3249 3000

John Haley

CFO/Company Secretary

Phone: + 61 7 3249 3000

admin@metallicaminerals.com.au

Metallica Minerals Limited published this content on 30 December 2016 and is solely responsible for the information contained herein.
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