Australia's Metro Mining jumps on board approval for mine expansion in Queensland

Metro Mining

30/06/2022 05:23

** Shares of exploration and mining firm Metro Mining
 MMI.AX  climb as much as 11.1% to A$0.02, highest since June 10
    ** Co says its board approved the final investment decision
to expand capacity at its Bauxite Hills Mine in Far North
Queensland  urn:newsml:reuters.com:*:nASM000H9J
    ** Says expecting the expansion to cost around A$28.3
million ($19.50 million), including contingency
    ** MMI aims to execute the expansion by the Q4 2023, subject
to financing
    ** Stock down 5.3% YTD as of last close 
    



($1 = 1.4512 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))