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Mineral Commodities (ASX: MRC) reports Maiden Mineral Resource at De Punt - Kalkine Media

May 24, 2023 10:46 AM AEST | By Ankit Sethi
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Highlights

  • Mineral Resource at De Punt -- 66.1 million tonnes at 16.9% THM (7.1% VHM), containing 11.19 million tonnes of total heavy mineral
  • Tormin Mineral Resources increased to 282.6 million tonnes at 10.9% THM, containing 30.8 million tonnes in situ heavy mineral
  • The Maiden Mineral Resource at De Punt is delivered by Mineral Sands Resources (Pty) Ltd (MRC's 50% subsidiary)

Mineral Commodities Ltd (ASX: MRC) -- a listed company primarily into high-grade Mineral Sands and Natural Flake Graphite -- has informed about high grade Maiden Mineral Resource at De Punt Inland Strands. This new Mineral Resource is adjacent to Tormin, which increases the asset value of Tormin. Notably, there is further potential to increase the Mineral Resource because only one out of seven identified De Punt targets have been drilled.

The term 'THM' includes all minerals, while 'VHM' refers to all currently sold minerals, MRC's announcement states.

Source: Company update

More to come...


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