Mineral Commodities (ASX:MRC) reports high-grade drilling results at De Punt Inland Strands - Kalkine Media

March 15, 2023 11:40 AM AEDT | By Manisha
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  • Mineral Commodities’ (ASX:MRC) 50%-owned subsidiary, Mineral Sands Resources, has concluded the first phase of resource definition drilling from the De Punt Prospecting Right.
  • Total 6,018m of air core drilling from 169 holes completed of 6,000m exploration program at De Punt.
  • The company has received around 3,041 assays as of now.
  • As per the ASX release, the results from the drill campaign are notably higher than current beach and Inland reserve material.
  • MRC plans to use the latest results to deliver a Maiden JORC Mineral Resource.

ASX-listed global mining and development company Mineral Commodities Limited (ASX:MRC) today revealed that its 50%-owned subsidiary, Mineral Sands Resources (Pty) Ltd (MSR), has concluded the first phase of resource definition drilling from the De Punt Prospecting Right.

The De Punt Prospecting Right at South Tormin was only granted 28 July 2022, suggesting the focused commitment of the firm towards its Strategic Plan objective to raise Tormin’s asset value by increasing mineral resources through organic growth.

Data source: Company update

MRC’s shares traded at AU$0.059 apiece on 15 March 2022.

More to come…


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