Tormin Mineral Sands Operation

Tormin Mineral Sands Operation

Situated on South Africa’s west coast, approximately 400km north of Cape Town, Tormin is a world-class placer beach mineral sands deposit, hosting some of the richest concentrated grades of naturally occurring zircon, ilmenite, rutile, magnetite and garnet. MRC via its South African subsidiary Mineral Sands Resources (Pty) Ltd (MSR) holds a 50% interest in Tormin.

Tormin is a unique deposit due to the process and speed of which the mineral sands are replenished. Through the naturally occurring tidal actions of the Atlantic Ocean, high-grade mineral sands are continually re-deposited on the shores of the Tormin Mining Right, a process MRC is able to leverage from, maximising mineral yield, whilst minimising environmental impact.

Since commencement of operations in January 2014, the Company has mined in excess of 9.7 million tonnes. This is significantly more than the original declared resource tonnage of 2.70 million tonnes and is indicative of the significant replenishment nature of the deposit where resource blocks are mined more than once per year. The most current Resources Statement under 2012 JORC Code for 2018 year reported an Inferred Resource of 1.8mt @ 15.92% Total Heavy Minerals (THM) (at a cut-off grade of 5% THM).