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Australian Shares

MINERAL COMMODITIES LTD

ASX: MRC

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

For the last ten years the focus of MRC has been on South African investments. They are currently involved in the exploration and development of two major mineral sands projects in South Africa.

Tormin Mineral Sands

Tormin is a World-Class resource with a substantial zircon-rich beach resource situated on South Africa’s west coast, approximately 400kms north of Cape Town. Other minerals present include ilmenite, rutile and garnet.

Feasibility studies have shown a capacity of 1.2Mtpa producing 47.8Kt of concentrate per annum with a grading of up to 81% zircon and 11.6% rutile and more than 100ktpa Ilmenite.

Xolobeni Mineral Sands

The Xolobeni project not only has the capacity to be a world-class ilmenite asset, but also the catalyst for social transformation of one of South Africa’s poorest communities. Xolobeni is the 10th largest heavy mineral deposit in the world. Strategically located on South Africa’s East Coast, it has a tenement area of almost 2,900 hectares.

The area has a total resource of 346Mt grading 5% HM, containing 9.3Mt of ilmenite. Together with rutile and zircon potential, with all products meeting market specifications, a pre-feasibility study indicates a roughly 25 year mine life.

Mine For

mineral sands, zircon, rutile, ilmenite

Location of operation(s)

South Africa

Address

40 Murray Road North
WELSHPOOL, WA, AUSTRALIA

Phone

+61 8 6253 1100

Email

Website


Last Updated

25/6/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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