Melior Resources (TSX.V: MLR) Transitioning to strong profits in industrial minerals

 

 

 

 

 

 

 

 

Melior Resources (TSX.V: MLR) Interview with Mark McCauley, CEO discussing the company's transformation into a profitable industrial minerals producer, with potential for $15 million operating profits in 2020. Melior's Goondicum mine in Queensland Australia produces ilmenite, an essential ingredient used in paints and coatings worldwide.

The Goondicum mine re-opened in November 2018 and is now ramping up production to a target of 160,000 tonnes of ilmenite (in addition to other minerals) annually by 2020 - potentially generating about $15 million in operating profits. 

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