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Mineral Commodities Ltd.
Summary
| Project: | Tormin | |
|---|---|---|
| Deposit: | Tormin | |
| Location: | South Africa | |
| Commodities: | Ilmenite-Zircon-Rutile-Garnet | |
| Date: | 2/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-2-2018: Mineral Commodities Ltd. announces a Resource Estimation report for its Tormin deposit at the Tormin project. Clarified report including graphs and map of location. Mineral Commodities Ltd (ASX: MRC) (“the Company” or “MRC”) provides the below | |
| Resources: | (Resource, Inf.): 1.8Mt @ 15.92% HM at project | |
| CP/QP: | [Resources]: Adriaan du Toit (AEMCo Pty Ltd.) | |
| ABSTRACT: | Mineral Commodities Ltd (ASX: MRC) (“the Company” or “MRC”) provides the below in respect to its annual Tormin Mineral Sands Operation (“Tormin”) resource audit. A summary of all material information is set out below. The original Tormin Resource was contained within the quarterly activities report released 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 November 2017 to January 2018 from 119 test pits dug by excavators. Sampling was subject to XRF and grain counting analysis. No drilling took place. There were 3,428 grade control analyses undertaken during the year from the 2017 mined blocks and 119 resource control pit samples taken (50m spacing along strandline) at the end of 2017. Due to the low density of resource control samples and unstable nature of the resource, the deposit was again classified into the inferred resource category during the resource audit assessment. The inferred mineral resource was estimated on the basis of limited geological evidence and sampling. The geological evidence in this case from historical mine data (3,428 samples) and updated sampling (119 pits) is sufficient to imply but not to verify the geological and grade continuity | |
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