The share price of ASX-listed Metallica Minerals fell by nearly 18% on Wednesday on news that the company had failed to access export facilities for its Urquhart bauxite project, in the Cape York Peninsula, pushing back the start of mining.
Metallica and its joint venture (JV) partner in February this year launched a review of the Urquhart project’s development options, and undertook investigations into access arrangements for a barge-loading facility (BLF) to allow for export of the Urquhart ore.