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Mineral Commodities Ltd.
Summary
| Project: | Tormin | |
|---|---|---|
| Deposit: | Tormin | |
| Location: | South Africa | |
| Commodities: | Ilmenite-Zircon-Rutile-Garnet | |
| Date: | 3/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-3-2020: Mineral Commodities Ltd. announces a Resource Estimation report for its Tormin deposit at the Tormin project. Updated mineral resource estimate at the project. Mineral Commodities Ltd (ASX: MRC) (“the Company” or “MRC”) is pleased to provide a s | |
| Resources: | (Resource, Inf.): 2.40Mt @ 8.68% THM | |
| CP/QP: | [Resources]: Bahman Rashidi (Internal) | |
| ABSTRACT: | Mineral Commodities Ltd (ASX: MRC) (“the Company” or “MRC”) is pleased to provide a summary of all material information in respect to its annual Tormin Mineral Sands Operation (“Tormin”, Figure 1) resource audit. The original Tormin resource was first released to the ASX on 31 October 2011. The Tormin beach deposit is an active placer beach sand deposit limited in extent on its eastern side by coastal cliffs and to depth by bedrock contact. The resource is open towards the ocean and surf zone on its western side, as well as along the coastline towards the north and south. Vertical composite channel sampling took place during December 2019 to January 2020 from 207 test pits dug by excavators. Sampling was subject to XRF, HLS and XRD analysis. The sample grid spacing was 100m x 15m from the surface to bedrock (Figure 2) and resource and block modelling was done in Leapfrog Geo-Ver 5.0 (Figure 3). The resource was constrained within a geological model that was defined by the current surface topography (surveyed January 2020), the current edge of the coastal cliffs (surveyed January 2020) and the bedrock contact from the resource audit results | |
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