Mineral Commodities continues to hit paydirt in South Africa, with drilling on its Eastern Strandline deposit returning intercepts of high-grade mineral sands including 7 metres at an impressive 42.1 per cent total heavy minerals, which includes 3m at an astonishing 67.3 per cent THM from 31m down-hole.
The company recently completed its second phase of resource drilling across both the Eastern and Western Strandlines at its Tormin mine. It has now completed more than 360 holes and 9,800m of drilling at the two sites.
Additional high-grade hits from the drilling campaign include 6m at 46.4 per cent THM from 34m and 18m at 23.3 per cent THM, which includes 5m at 32.3 per cent THM from just 12m below surface.
Interestingly, the recently completed drilling has all been channeled into targets outside the main mining area and is likely to add significant high-grade resources to its project inventory. The company has flagged that a maiden resource for the extensive Eastern Strandline is “imminent” whilst an updated resource for the Western Strandline is due in the third quarter of 2021.
A granted mining right at Tormin covers more than 12km of strike along the South Atlantic coast and hosts both beach placer deposits and inland strandlines that are rich in various high-value minerals including garnet, zircon, ilmenite and rutile.
Exploration drilling at Tormin continues to reinforce the continuity and lateral extent of high-grade mineralisation in both limbs of the Inland Strands.
Mineral Commodities is a diversified mining company with projects and operations in South Africa, Norway, and Western Australia. Its main producing asset is the Tormin heavy mineral sands mining operation 370km north of Cape Town on the west coast of South Africa, which is now ramping up production and continues to provide capital for the company’s growth in the mineral sands and graphite markets.
The company’s Tormin operation produces three main concentrate streams including garnet, ilmenite, and zircon/rutile products for sale into lucrative global markets.
Tormin has been in operation since 2013, however the operation received a significant boost in July 2020 when the South African Government granted mining rights for the company’s northern tenure, adjacent to the milling operation. The new mining rights provided Mineral Commodities with access to more than 23km of additional beach placer deposits and the onshore Western Strandline exploration target, which continues to deliver in spades.
Whilst the market awaits the release of the maiden resource for the Eastern Strandline, the company’s impressive existing inventory is likely to keep the central Tormin milling operation busy for many years to come.
The Western Strandline on its own hosts more than 106 million tonnes of ore grading 12.4 per cent THM while the new Northern Beaches mining area hosts 3 million tonnes of high-grade feed grading at 23.34 per cent THM.
Mineral Commodities continues to expand its milling capacity at Tormin and is aiming to grow annual throughput to more than 4 million tonnes. It has also connected to the nearby Eskom windfarm, reducing power costs and boosting the company’s green credentials.
With drilling on the Eastern and Western Strandlines continuing to unearth high-grade resources, Mineral Commodities looks set to charge up its cashflow in the months ahead as it ramps up processing via the Tormin plant and continues adding value at its evolving graphite operations in Europe.
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