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Mineral Commodities Ltd.
Summary
| Project: | Skaland | |
|---|---|---|
| Deposit: | Traelen | |
| Location: | Norway | |
| Commodities: | Graphite | |
| Date: | 3/12/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-3-2020: Mineral Commodities Ltd. announces a Resource Estimation report for its Traelen deposit at the Skaland project. Initial Mineral Resource for the Traelen Graphite Deposit. Mineral Commodities Ltd (“MRC” or “the Company”) is pleased to announce t | |
| Resources: | (Resources, I+I): 1,785Kt @ 22% TGC (297kt Graphite) | |
| CP/QP: | [Resources]: Che Osmond (Wardell Armstrong International Ltd.) | |
| ABSTRACT: | Mineral Commodities Ltd (“MRC” or “the Company”) is pleased to announce the maiden JORC resource at the Skaland Graphite Project for the underground Trælen Graphite Mine located on the island of Senja, Norway. The Mineral Resource has been prepared in accordance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, (“JORC Code (2012)”) and is estimated at 1.78 Million tonnes at 22% TGC in the category of indicated and inferred for 397Kt of contained graphite using a 10% cut-off. The Skaland Graphite Operation is located in northern Norway on the island of Senja, with Tromsø the nearest major town, with a population of around 65,000, some 70km to the northeast (see Figure 1). Graphite was first discovered in the area in 1870 and production started in 1917. Skaland is understood to be the largest flake graphite producer in Europe and is presently the world’s highest-grade operating flake graphite mine. Skaland Graphite AS formerly extracted graphite ore from the Skaland mine which is located directly alongside the existing processing and port infrastructure, but since 2007 ore to the plant has been sourced from the nearby Trælen Mine. | |
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