Bauxite

Metallica holds a strategic 30% interest in Brisbane-based, Cape Alumina Ltd, which listed on the ASX in January 2009 under the code ‘CBX’. Cape Alumina is Australia’s leading pure-play bauxite (ore for aluminium) company, with a 100% interest in the largest tenement holding outside Rio Tinto’s Alcan mining leases, in the world renowned Weipa Bauxite Province in Australia’s Cape York.

Cape Alumina has international support from several Chinese alumina majors, including Xinfa, one of the country’s largest aluminium producers, and has established strong ties with the local Cape York community.

The Company is currently evaluating development of the 5-7 mtpa Pisolite Hills project with an Environmental Impact Sstatement (EIS) and Feasibility Study due for release in 2010 and production planned for 2013-14. If developed, Pisolite Hills will position Cape Alumina among the top 10 bauxite producers in the world, and one of the major bauxite suppliers in the Asia-Pacific region.

For further information on Cape Alumina, please refer to their website: www.capealumina.com.au