Sponsored

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
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Highlights

  • 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…


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

5 ASX Companies Leveraging AI to Drive Growth in 2024



Top ASX Listed Companies


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.