The Northern Australian Infrastructure Facility (NAIF) has offered a A$47.5-million loan to ASX-listed Metro Mining for the Stage 2 expansion of its Bauxite Hills mine, in Cape York.
A previously completed definitive feasibility study (DFS) on the Stage 2 expansion estimated that it would require a capital investment of A$51.4-million to increase production from the current 3.5-million tonnes a year to six-million tonnes a year.