Mineral Commodities Ltd is pleased to announce that through its 90% owned subsidiary, Skaland Graphite AS, it has entered into a landowner agreement to explore the south of Bukken Graphite Prospect, on the island of Senja, Norway. The tenement is located approximately 20km east of MRC’s existing Skaland Graphite Operation. The agreement will provide MRC with exclusive exploration rights for 10 years.
Mineral Commodities Ltd and its empowerment partner, Blue Bantry Investments 255 (Pty) Ltd), are pleased to provide the latest update on drilling from the newly granted Section 102 Amended Mining Right WC 30/5/1/2/2/10108MR and Prospecting Right WC 30/5/1/1/2/10262PR, owned by the Company’s subsidiary, Mineral Sands Resources (Pty) Ltd. The first phase of drilling at the Western Strandline has been completed with a total of 6,917 metres drilled, consisting of 311 holes for 5,995m. The drilling program targeted resource definition at the newly granted expanded Mining Rights area and northern and southern extensions of the Inland Strand, adjacent to the Tormin mining operations in the Western Cape province of South Africa.
Mineral Commodities Ltd and its empowerment partner, Blue Bantry Investments 255 (Pty) Ltd, are pleased to announce that their South African subsidiary, Mineral Sands Resources (Pty) Ltd, has received notification from the Department of Mineral Resources and Energy that its application to expand the mining right at Tormin has been approved.
Mineral Commodities Ltd is pleased to announce that it has received commitments from sophisticated and professional investors to raise $6.58 million (before costs including a 3% placement fee to participants) through a placement of 32,900,000 new fully paid ordinary shares at $0.20 per share.
Mineral Commodities Ltd and its empowerment partners, Blue Bantry Investments 255 (Pty) Ltd, are pleased to announce a maiden JORC resource at the Northern Beaches (WC 30/5/1/1/2/10261PR) of the Tormin Mineral Sands Operation located on the west coast of South Africa.