MRC - Mineral Commodities
- Thread starter moses
- Start date
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- Tags
- mineral commodities mrc
springhill
Make the drill work for YOU
- Joined
- 20 June 2007
- Posts
- 2,555
- Reactions
- 11
MC - $7.5m
SP - 5c
Shares - 153m
Options - 57m
Cash - $240k (+ $930k marketable securities)
Board
Joseph Caruso
Mark Caruso
Peter Torre
Shareholders
Directors / Insiders 14.4%
Mirabaud Invest.Management 11.5%
M & G Invest.Management 7.2%
Trading Halt
Mineral Commodities requests a trading halt of its securities with effect from pre market opening on Friday 27 July 2012 pending an announcement in respect to the approval by the Department of Environmental Affairs and Development Planning in South Africa of the Company’s Environmental Management Plan for the Tormin Mineral Sands Project.
Tormin Project
Substantial zircon-rich beach resource on West Coast of South Africa
Definitive Feasibility Study (base case) nominal throughput capacity of 1.4Mtpa producing 48.5Kt of concentrate per annum grading up to 80% zircon and 10% rutile
Expected mine life of 3 - 5 years
Upside potential through further exploration, replenishment and permit expansion
Approved mining right, EMP, water use licence an NNR licence
Outstanding approvals expected to be received in 1H 2012 (Department Environmental Affairs and zoning)
Full engineering and tender packages have also been completed and are awaiting final approvals prior to distribution
First concentrate production expected in 2H 2012
In addition to non-magnetic resource at Tormin, initial work has indicated additional Ilmenite potential (100Ktpa to 150Ktpa of ilmenite concentrate)
Xolobeni Project
Strategic location on East Coast of South Africa – tenements covering ~2,900 hectares
Total resource of 346Mt grading 5.00% HM, containing 9.3Mt of Ilmenite
Pre-feasibility study also indicates rutile and zircon potential
All products meet market specifications
10th largest heavy mineral deposit in the world
Vertically integrated smelter pre-feasibility study
indicating the project is economically viable with a ~25
year mine life
MRC was granted Prospecting Rights on 4 blocks.
These were renewed in February for a further 3 years
A Conditional Mining Licence on the Kwanyana block
was revoked in May 2011 by the DMR
The timeframe for the Company to address outstanding issues was too short:
• Mining right application withdrawn
• New prospecting right application submitted
Prospecting works programme over three years after approval granted:
• Collection of baseline environmental data, including ground and surface water, estuaries, flora and fauna, and soil fertility and migration
• Collection of socio-economic data, including traffic, noise and air quality
Environmental impact assessment of proposed operations would be completed thereafter
Approval process at least 2 years, so best case construction commencing in 5 years
MRC INVESTMENTS
Allied Gold Mining PLC
Allied Gold is listed on the ASX, TSX and the Main Market of the London Stock Exchange.
It is a Pacific Ring gold producer, developer and exploration company. It owns 100% of the Simberi Gold Project in PNG and the Gold Ridge Gold Project, located in the Solomon Islands.
Allied Gold has resources of 8.3Moz and reserves of 3.4Moz and an extensive exploration programme is underway. The company is rapidly ramping up production and it is targeting in excess of 200,000oz in CY 2012.
Petro Ventures
The Company maintains a significant investment in Petro Ventures an E & P company with strategic oil & gas working interests in Romania , Hungary , The Netherlands and France.
In November 2011 the Romanian Government approved the assignment of the Romanian licences to Petro Ventures and confirmed the licence extensions to May 2014 which may be extended at the company’s option May 2020.
Wells are planned for the Eugenia prospect in the Pelican Block in the second quarter 2012 and Ioana Prospect in the Midia Block in the third quarter 2012. Petro Ventures has advised that the prospective resources are in the region of 70MMbbls with 53%COS and 654Bcf of gas with 25% COS respectively.
A valuation of Petro Ventures’ interests in the Romanian Ana + Doina Resources was undertaken in May 2012 and determined the value range at between US$110m and US130m
SP - 5c
Shares - 153m
Options - 57m
Cash - $240k (+ $930k marketable securities)
Board
Joseph Caruso
Mark Caruso
Peter Torre
Shareholders
Directors / Insiders 14.4%
Mirabaud Invest.Management 11.5%
M & G Invest.Management 7.2%
Trading Halt
Mineral Commodities requests a trading halt of its securities with effect from pre market opening on Friday 27 July 2012 pending an announcement in respect to the approval by the Department of Environmental Affairs and Development Planning in South Africa of the Company’s Environmental Management Plan for the Tormin Mineral Sands Project.
Tormin Project
Substantial zircon-rich beach resource on West Coast of South Africa
Definitive Feasibility Study (base case) nominal throughput capacity of 1.4Mtpa producing 48.5Kt of concentrate per annum grading up to 80% zircon and 10% rutile
Expected mine life of 3 - 5 years
Upside potential through further exploration, replenishment and permit expansion
Approved mining right, EMP, water use licence an NNR licence
Outstanding approvals expected to be received in 1H 2012 (Department Environmental Affairs and zoning)
Full engineering and tender packages have also been completed and are awaiting final approvals prior to distribution
First concentrate production expected in 2H 2012
In addition to non-magnetic resource at Tormin, initial work has indicated additional Ilmenite potential (100Ktpa to 150Ktpa of ilmenite concentrate)
Xolobeni Project
Strategic location on East Coast of South Africa – tenements covering ~2,900 hectares
Total resource of 346Mt grading 5.00% HM, containing 9.3Mt of Ilmenite
Pre-feasibility study also indicates rutile and zircon potential
All products meet market specifications
10th largest heavy mineral deposit in the world
Vertically integrated smelter pre-feasibility study
indicating the project is economically viable with a ~25
year mine life
MRC was granted Prospecting Rights on 4 blocks.
These were renewed in February for a further 3 years
A Conditional Mining Licence on the Kwanyana block
was revoked in May 2011 by the DMR
The timeframe for the Company to address outstanding issues was too short:
• Mining right application withdrawn
• New prospecting right application submitted
Prospecting works programme over three years after approval granted:
• Collection of baseline environmental data, including ground and surface water, estuaries, flora and fauna, and soil fertility and migration
• Collection of socio-economic data, including traffic, noise and air quality
Environmental impact assessment of proposed operations would be completed thereafter
Approval process at least 2 years, so best case construction commencing in 5 years
MRC INVESTMENTS
Allied Gold Mining PLC
Allied Gold is listed on the ASX, TSX and the Main Market of the London Stock Exchange.
It is a Pacific Ring gold producer, developer and exploration company. It owns 100% of the Simberi Gold Project in PNG and the Gold Ridge Gold Project, located in the Solomon Islands.
Allied Gold has resources of 8.3Moz and reserves of 3.4Moz and an extensive exploration programme is underway. The company is rapidly ramping up production and it is targeting in excess of 200,000oz in CY 2012.
Petro Ventures
The Company maintains a significant investment in Petro Ventures an E & P company with strategic oil & gas working interests in Romania , Hungary , The Netherlands and France.
In November 2011 the Romanian Government approved the assignment of the Romanian licences to Petro Ventures and confirmed the licence extensions to May 2014 which may be extended at the company’s option May 2020.
Wells are planned for the Eugenia prospect in the Pelican Block in the second quarter 2012 and Ioana Prospect in the Midia Block in the third quarter 2012. Petro Ventures has advised that the prospective resources are in the region of 70MMbbls with 53%COS and 654Bcf of gas with 25% COS respectively.
A valuation of Petro Ventures’ interests in the Romanian Ana + Doina Resources was undertaken in May 2012 and determined the value range at between US$110m and US130m
Attachments
- Joined
- 4 October 2012
- Posts
- 871
- Reactions
- 3
Recent presentation - http://stocknessmonster.com/news-item?S=MRC&E=ASX&N=657240
Commissioning Commences at Tormin - http://stocknessmonster.com/news-item?S=MRC&E=ASX&N=657240
Commissioning Commences at Tormin - http://stocknessmonster.com/news-item?S=MRC&E=ASX&N=657240
Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,084
- Reactions
- 20,465
any views on MRC?
Earnings per share (LHS) ...................... --------------->. RoE (RHS)
Earnings per share (LHS) ...................... --------------->. RoE (RHS)
Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,084
- Reactions
- 20,465
and there are decades when something happened but nobody noticed.
.
A producer of sorts.
.
and is looking to reinvigorate its actions. Raised money in placement/ rights at $0.03 recently.
With cash of US$5,555,380 (AUD$8,472,312) at the end of June 2023, and now an additional AUD$8,790,500 (US$5,761,294)
raised by the Entitlement Offer, the Company will be able to strengthen its balance sheet including immediate working capital support and provide capital investment aimed to turnaround the profitability of the Company and increase the value of our battery metals projects.
.
A producer of sorts.
.
and is looking to reinvigorate its actions. Raised money in placement/ rights at $0.03 recently.
With cash of US$5,555,380 (AUD$8,472,312) at the end of June 2023, and now an additional AUD$8,790,500 (US$5,761,294)
raised by the Entitlement Offer, the Company will be able to strengthen its balance sheet including immediate working capital support and provide capital investment aimed to turnaround the profitability of the Company and increase the value of our battery metals projects.
