https://newsletter.mw.creamermedia.com
PROJECT|Resources|Solar|Environmental
PROJECT|Resources|Solar|Environmental
project|resources|solar|environmental

Metallica puts Cape Flattery development works on hold amid takeover

23rd May 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Takeover target Metallica Minerals has suspended the majority of the planned project development works at its Cape Flattery silica project, in Queensland, citing the unsolicited, offmarket takeover offer by Diatreme Resources.

The company said that it had engaged with the Office of the Coordinator-General on the draft terms of reference (ToR) for the environmental-impact statement (EIS), which would be released for public comment in the near future.

However, because of the takeover offer, studies that did not require receipt of the ToR had been placed on hold.

In addition to the EIS process, Metallica has put on hold the mediation process under the National Native Title Tribunal with the Dingaal and Nguuruumungo clans.

Diatreme in February launched a takeover for Metallica to combine their silica sand assets in the Far North Queensland, creating a larger resource base to serve the global solar photovoltaic industry.

An updated definitive feasibility study on the Cape Flattery project, released in late 2023, detailed project plans for a three-million-tonne-a-year operation.

Cape Flattery has ore reserves of 47-million tonnes, grading 99.18% silica, which will be processed over a 15-year life-of-mine.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

Ionic Rare Earths and US Strategic Metals signing ceremony at the Australian Embassy in
Washington, D.C. Back row, representatives from the Australian and US government, and front row, left
to right, Michael Holloman (USSM Chief Commercial Officer), Brett Lynch (IonicRE executive
chairman), Stacy W. Hastie (USSM founder and CEO) and James Durrant (RareX MD).
Ionic Rare Earths inks US magnet recycling MoU
Updated 2 hours 15 minutes ago By: Creamer Media Reporter

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Actom
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Gold projects spark revival
Gold projects spark revival
7th November 2025
Magazine round up | 07 November 2025
Magazine round up | 07 November 2025
7th November 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.152 0.228s - 127pq - 2rq
Subscribe Now