excellent au grades mkt cap aud 3mn, page-6

http://hotcopper.com.au/announcements.asp?id=388864

"The treatment plant and transport infrastructure of the Eastern Goldfields provides
an excellent opportunity to develop early cash flow with minimal capital outlay from
the type of projects that Metaliko has termed Mine Truck and Treat or “MTT”
projects. In this context even modest parcels of oxide ore can deliver short term
value. Metaliko has two MTT projects at the resource stage, at Goongarrie and
Anthill (Figure 6) with a total of 174,000 ounces of gold (refer to the full resource
statement released to the ASX 26 May 2011 and summarised here in Table 1). The
Company is building additional MTT resources in parallel with its advanced stage
exploration activities focused on substantive potentially stand-alone gold
discoveries."