I am very pleased to advise that the much awaited Initial Public Offering (IPO) of Cape Alumina shares is OPEN. Metallica The Cape Alumina Prospectus IPO (high or low resolution version) and application forms are now available for immediate download from our web site www.capealumina.com.au.
Cape Alumina is Australia?s leading ?pure-play? bauxite company and owns 100% interest in one of Australia?s largest undeveloped export quality bauxite deposits ? Pisolite Hills on the renowned Weipa Bauxite Plateau 50 km NE of Weipa. This is a unique opportunity to invest directly in what has been described as ?one of the next generation? commodities. The highly respected London-based research group Commodity Research Unit (CRU) has described bauxite as being ?not dissimilar to iron ore a few years ago? and they note ?not enough investment right back at the starting point so therefore the market is short [of bauxite]..?. In contrast, Cape Alumina, established in early 2004 with bauxite tenements near Weipa, has so far spent nearly $9 million dollars developing the Pisolite Hills Project, which is one of the three most advanced high-grade bauxite projects in Australia (the other two being Chalco?s Aurukun and RioTinto?s South Embley projects also near Weipa). If developed, Pisolite Hills alone is expected elevate Cape Alumina into the ranks of the top ten bauxite producers in the world, Cape also has other large areas of bauxite in its Weipa bauxite project.
Despite of the current global financial turmoil, the board of Cape Alumina is very confident it will secure the minimum subscription of $15 million dollars as we already have firm commitments of just over $10 million, including from existing shareholders who wish to at least retain or increase their current percentage interest in the company. We have received $5 million dollars from a major new shareholder affiliated with one of China?s biggest bauxite importers.
Metallica Minerals (MLM) has a current 40% shareholding in Cape, this will reduce to around 30% on Cape listing and our 1,700 shareholders have priority entitlement (25 November) to ensure shareholder spread ? the minimum investment to become a shareholder in Cape is $2,000. The Cape?s ASX listing will significantly enhance Metallica?s already strong asset base.
If you would like to learn more about this exciting investment opportunity please go to our web site www.capealumina.com.au. You will find a lot of information about our company, projects and potential for future growth and importantly, you will be able to download a prospectus and application form.
This offer is made by Cape Alumina Limited ACN 107 817 694 under a replacement prospectus dated 7 November 2008. The prospectus is available at www.capealumina.com.au or by phoning 07 3229 3644.
The Cape Alumina Ltd offer closes on 28 November and can only be accepted if made in accordance with the instructions in the prospectus. We encourage you to read the prospectus before making an application. Listing Cape Alumina (ASX Code CBX) is expected around 8 December.
Regards
Andrew Gillies
Managing Director
Metallica Minerals Ltd
1 Potts Street
East Brisbane QLD 4169
GPO Box 122, Brisbane QLD 4001
T + 61 7 3891 9611
F + 61 7 3891 9199
M 0416 137 556 (International +61 416 137 556)
www.metallicaminerals.com.au