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EXCLUSIVE RIGHT TO EXPLORE & OPTION TO ACQUIRE RIO TINTO’S GIPPSLAND ZIRCON-RUTILE HMS PROJECT

Metallica Minerals Limited’s (ASX: MLM) wholly-owned subsidiary, Oresome Australia Pty Ltd (Oresome), advises that it has entered into a Right to Explore and Option to Purchase Agreement (the Agreement) with Rio Tinto Exploration Pty Ltd (Rio Tinto) pursuant to which Oresome will have the exclusive right to explore certain exploration licences which comprise the Gippsland Heavy Mineral Sands (HMS) Project in Victoria’s south east and option to purchase a 100% interest in the exploration licences at any time during the term of the Agreement.


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