MRC 0.00% 2.6¢ mineral commodities ltd

Ann: Quarterly Activities Report, page-26

  1. 16,283 Posts.
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    Here is the latest satellite image of Tormin.

    https://hotcopper.com.au/data/attachments/5022/5022206-076129e6bb9ce69558bdaf2fed674d33.jpg


    It doesn't appear to have to many changes from the last image a few weeks ago.

    The yellow area is the Inland strands mineralisation which has been stockpiled.
    We should have around 800k tonnes sitting in the pile, 400k tonnes from 2020 or 2021 with an average grade of 33.6% THM (report in JORC table) plus the additional 400k tonnes MRC mined in the December QTR at 21.3% VHM

    I really wish MRC was able to report these grades using the same Terminology, instead we have VHM and THM.

    The annual resource upgrade is expected later in the month, It would be good to see the average grades reported at the northern beaches, last year it was report to having 2.4mil tonnes at 21.6% THM, this should have provided MRC with 2 years mine feed from these beaches, yet in the December QTR MRC was mining grades as low as 6.2% VHM.


 
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