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Mineral Commodities Ltd.
Summary
| Project: | Munglinup | |
|---|---|---|
| Deposit: | Munglinup | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 1/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-1-2020: Mineral Commodities Ltd. announces a Feasibility Study report for its Munglinup deposit at the Munglinup project. DFS results incl. post-tax NPV (7%) of US$111M, IRR of 30%. Mineral Commodities Limited (“MRC” or “the Company”) is pleased to rele | |
| Resources: | (Reserve, P+P): 4.24Mt @ 12.8% TGC | |
| CP/QP: | [Resources]: Chris De Vitry (Manna Hill GeoConsulting Pty Ltd.) | |
| ABSTRACT: | Mineral Commodities Limited (“MRC” or “the Company”) is pleased to release the outcomes of the Definitive Feasibility Study (“DFS”) on a concentrate only production scenario at the Munglinup Graphite Project (“Munglinup”) in the south of Western Australia. The DFS confirms the Company’s view that Munglinup will become a crucial asset in its overall ambition to supply natural graphite into the key high-demand battery anode markets. Executive Chairman Mark Caruso said, “This is an important milestone in the anticipated development of the Munglinup Graphite Project which continues to deliver robust project economics as a standalone graphite concentrate producer. The DFS further enhances the Company’s ambitions to build a global, vertically integrated carbon business based on two global strategic operating production centres in Tier 1 jurisdictions, Australia and Norway, producing sustainable natural graphite concentrate as a crucial raw material for the production of precursor and active anode materials.” | |
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