The Goondicum ilmenite project in Australia’s Queensland is poised to become cash positive in the June quarter, Toronto-based Melior Resources reported on Tuesday.
The project produced 4 440 t in February and 7 860 t March, against goals of 7 900 t and 7 320 t, respectively. Melior said that March’s total was the highest production to date and representative of higher monthly production anticipated in the future.