Phoenix Lime Pty Ltd was purchased by Metallica Minerals Limited on 31st May 2007 in order to obtain the mining leases associated with the Ootann Limeworks and secure the lime and limestone requirements anticipated to be required by Metallica’s flagship project NORNICO Nickel Project.

Phoenix Lime has since taken on the development of Metallica’s other limestone holdings and applied for new untenured ground with potential high grade limestone mineralisation suitable for industrial use and commercial development.

Phoenix Lime is now owned 100% by ASX-listed Metallica Minerals Limited.

The company’s primary focus is on developing current holdings within Queensland but may expand its scope of interest if suitable potential arises. Phoenix Lime’s priority is to define the resources available to it to support the NORNICO Project. Phoenix has completed a pre-feasibility document to supply lime and limestone from Ootann to NORNICO and will construct a lime burning facility in association with NORNICO’s development.