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Mineral Commodities Ltd.
Summary
| Project: | Munglinup | |
|---|---|---|
| Deposit: | Munglinup | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 4/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-4-2019: Mineral Commodities Ltd. announces an Exploration/Drilling Update report for its Munglinup deposit at the Munglinup project. Drilling results incl. 9m @ 19.9% TGC from 20m. Mineral Commodities Ltd (ASX: MRC) (“MRC” or “the Company”) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Daniel Hastings (Hastings Bell Pty Ltd.) | |
| ABSTRACT: | Mineral Commodities Ltd (ASX: MRC) (“MRC” or “the Company”) is pleased to announce excellent drilling results from its recent expansion drilling program at its Munglinup Graphite Project. The results confirm continuity of mineralisation along strike of Halberts South and Whites / McCarthy West zones in both quantum and grade. Whites is a newly discovered ore zone which to date continues to deliver high grade mineralisation results. The additional geological and assay information will be included in a geological resource model update currently underway. The results will also be used to optimise the proposed mining plan as part of the Company’s Definitive Feasibility Study (“DFS”) and will result in a new pit design which the Company anticipates will improve project economics and the life of mine. Subsequently, the DFS is now scheduled to be delivered by the end of May 2019. | |
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