1. 29.6k
    Posts

    MRC LEADS SUCCESSFUL CRC-P GRANT APPLICATION TO DEVELOP
    COMMERCIAL-SCALE PROCESS FOR PRODUCING HIGH PURITY
    GRAPHITE (>99.95%)
    • MRC to collaborate with Doral Fused Materials (”DFM”) and CSIRO to establish
    a pathway to commercial production of high-purity graphite in Australia.
    • The successful CRC-P application submitted by MRC as the Lead Applicant is to
    develop and demonstrate an industrially-implementable hydrometallurgical
    purification process for MRC’s Munglinup graphite concentrate.
    • The scope of the project will seek to build upon techniques previously developed
    by CSIRO to establish the first Australian-based graphite purification process.
    • Subsequently, a larger scale demonstration plant will most likely be developed
    at DFM’s Fused Alumina plant at Kwinana in Western Australia.
    • The total budget for the CRC Project forecasted at $2.61M, of which the
    Commonwealth Government CRC-P program will fund 31%.
    Mineral Commodities Ltd (ASX: MRC) (“the Company” or “MRC”) is delighted to announce
    that its application with collaboration partners, Doral Fused Materials and Australia’s
    national science agency CSIRO (together the “collaboration partners”) for matched cash
    funding under the Cooperative Research Centres Projects (“CRC-P”) Grants program, has
    been successful.
    The successful CRC-P application submitted by MRC as the Lead Applicant is to develop
    and demonstrate an industrially-implementable hydrometallurgical purification process
    for graphite concentrate. The target purity will be at least 99%, more desirably 99.5% and
    even more desirably exceed 99.95% (battery grade).
    Current techniques for producing high purity graphite are based on using environmentally
    harmful fluoride based reagents, with high costs for processing and compliance. This has
    limited the viability of graphite purification in Australia. The project objective is to develop
    a new environmentally sustainable and economic process for the production of high purity
    graphite in Australia.

  2. 29.6k
    Posts

    i hope for a increase in divi they are a cash cow

    1 like
  3. 13.4k
    Posts

    This is a good stock sandune. Much better

  4. 137
    Posts

    Shuffled in Australia or only processing? Is there any cooperation with WKT or MNS?

  5. 13.4k
    Posts

    Its not about graphite only they make $$$ in africa from mineral sands

    1 like
  6. 29.6k
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    • Acquisition of Norwegian graphite producer, Skaland Graphite AS, for US$9.2m. Skaland is
    the world’s highest grade flake graphite operation.
    • High grade assay results from infill and step out drilling at Munglinup confirm continuity
    of mineralisation along strike of Halberts South and Whites / McCarthy West zones in both
    quantum and grade, with positive impact on Definitive Feasibility Study (“DFS”).
    • Initial completion of vertically integrated downstream graphite project strategy.
    • Strong operating cash flow performance during the quarter, with cash on hand increasing
    from US$11.1m to US$15.8m.
    Corporate and Cash
    Cash: Cash as at 30 June 2019 of US$15.8m, plus US$8.6m in trade and other receivables.
    Debt: Borrowings as at 30 June 2019 of US$4.9m.
    Securities: 421.2 million shares and 4.95 million performance rights as at 30 June 2019.

  7. 29.6k
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    Q. Can you please tell me the reasons behind the decision to acquire 51pc of the high-grad Munglinup Graphite Project?
    The acquisition of Munglinup is part of a strategic commodity and jurisdictional diversification.

    The mine is one of the highest graphite deposits in the world and had enormous latent potential.

    Moreover, it offered a unique entry point into a Tier 1 jurisdiction, on a fully granted mining lease, 105 km from Esperance and close to excellent local and regional infrastructure.

    The decision to acquire 51pc was the initial Farm-In and part of a larger staged transaction to acquire a further 39pc on completion of a feasibility study and the option to move to 100pc at the vendor’s election.

    The company has largely satisfied the conditions to proceed to 90pc ownership, which is anticipated to occur soon after the release of the feasibility study in May 2019. The company is also confident it will ultimately move to 100pc ownership of the project.

    Q. How does the Munglinup project fit in to MRC’s renewable energy storage and electric vehicle strategy?
    When assessing the exciting future of raw material demand for energy storage (battery) production, the company was mindful of fundamental lessons learned from decades of mining experience. That is – where possible – mine small, open pit, high-grade ore bodies.

    That ethos led us to South Africa, where we mine the highest grade heavy mineral sands in the world.

    Another lesson learnt from our experience in South Africa is the challenges of funding and operating projects in emerging jurisdictions.

    The company sought to position itself in Tier 1 jurisdictions and to operate high-grade mines.

    Munglinup fits exactly these criteria; coupled with geographical offtake advantages to Asia and combined with Skaland which services the European market, a significant part of the battery material supply is covered.

    Munglinup, due to its mine life, and which we plan to extended beyond the initial nine years, also offers an excellent opportunity to integrate downstream upgrading through purification, micronisation and spheroidization.

    The asset will provide a long-term supply of quality feedstock to any downstream processing initiatives either in Australia or in other jurisdictions.

    Q. What is the development timeline of the project and when do you expect it to be operational?
    The project environmental permitting is expected to be granted in late Q3, early Q4 2019.

    The company has awarded a FEED contract to Mondium. This is designed to be suitably advanced in the engineering design process whilst the permitting submissions are being assessed by the relevant authorities.

    Based on this program, it is anticipated that the mine will be operating in Q3 2020.

    Q. How will MRC value-add to the Munglinup Project over the expected nine years of mine life?
    The intention is to develop the project and increase the reserve base to extend the mine life beyond the current nine years. This will be done through a structured exploration program.

    Recent drilling programs have been highly successful and it is expected that the DFS will deliver a significantly increase life of mine.

    Also, it is clear that the Munglinup Project will offer the ability to cornerstone a downstream processing initiative.

    The company has already invested considerable resources in developing these downstream options.

    In late 2017, the company announced an MOU with Doral, a subsidiary of Japanese energy giant Iwatani Corporation to assess the Doral Fused Alumina plant in Kwinana, Western Australia as a possible site for downstream processing of Munglinup graphite.

    The MOU was extended last December and the company has made significant progress in studies to determine the suitability of the site for thermal purification, spheroidisation and coating of natural flake graphite to produce premium downstream carbon products.

    The company has also conducted comprehensive testwork on Munglinup graphite to assess its amenability to beneficiation for downstream applications, such as the production of expandable graphite and graphene.

    To date, all of this test work has been very encouraging and we see lots of opportunities to differentiate ourselves as not being just a ‘concentrate producer’.

    The ultimate prize is being able to offer downstream offtake partners the opportunity to secure beneficiated carbon products outside of China.

    Q. What exploration activities does MRC have planned in the region for 2019/2020?
    The company will continue to infill the Whites deposit which has recently reported high-grade intercepts.

    The results have confirmed the continuity of the mineralisation along strike of Halberts South and Whites/McCarthy West.

    We will continue to drill out these extensions of high-grade zones along strike at Halberts South and Whites.

    This drilling will likely occur later in this calendar year and in line with the project development schedule.

    However, given the size of the proposed process plant and expected updated Mineral Resource, it is planned in the short term to only target areas of high potential value uplift (ie. grade and/or large flake size).

    Exploration and infill drilling to add ore tonnes and hence mine life to the project will be undertaken using a staged approach as required.

    In the future, should the market/economics suggest a plant expansion is warranted, acceleration of the longer term exploration program will certainly be assessed.

    Q. Where do you see MRC in the next 5 years?
    MRC through its current mineral sands operations at Tormin, and near-term expansion initiatives which involve current permitting, will see the company’s mineral sands operations extended for at least 10 years and integrate a magnetic separation plant for downstream processing into final ilmenite, zircon, rutile and garnet products.

    Tormin minerals sands is one of the highest grade mineral sands operations in the world. The recent acquisition of Skaland as well as the proposed development at Munglinup positions MRC as the only multiple Tier 1 jurisdiction suppliers of high-grade graphite.

    The quality of the resource at Munglinup and Skaland, combined with the life of mine profile, provides an excellent opportunity to move into downstream processing investment with a unique geographic coverage of the respective European and Asian markets.

    Q. Is there anything else you would like to add?
    MRC is an established mining entity with a proven track record of development and financial performance.

    The management of its capital to acquire and develop world class high grade mineral deposits and projects as well as maintaining shareholder returns is testament to the quality of its assets and managements capability and sets it aside amongst its peers in the space.

  8. 511
    Posts

    Makes me wonder...M$9.2 for the world's 4th largest graphite producer that produces 2% of the world's graphite...is there really a motza to be made out of Graphite? Based on the price paid by MRC for a producing Graphite mine turning out 2% of global production total global Graphite production is worth < half a billion. From this perspective Graphite looks like Uranium. For example, Paladin produced 8% of the world's Yellowcake and now has both its mines on C&M.

    1 like
  9. 29.6k
    Posts

    good chart looks north imo

  10. 29.6k
    Posts

    MRC & UNIVERSITY OF ADELAIDE SUCCESSFULLY DEVELOP PROPRIETARY
    METHOD TO PRODUCE GRAPHENE & RELATED PRODUCTS
     MRC’s Munglinup natural flake graphite product characterised as highly
    crystalline with minimal defects
     Proprietary method identified to produce few-layer graphene from Munglinup
    Graphite Product at high yields (>95%) and reduced reagent requirements
     Proprietary method developed for producing functionalised graphene and
    related materials
     Initial application testing shows graphene and functionalised graphene suitable
    for conductive inks, super-capacitors and corrosion resistant paints and coatings
     Testwork confirms chemical intercalation and expansion characteristics of
    Munglinup Graphite Product using microwave expansion
     Program for next stage under development

  11. 41
    Posts

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  12. 29.6k
    Posts

    MRC & UNIVERSITY OF ADELAIDE SUCCESSFULLY DEVELOP PROPRIETARY
    METHOD TO PRODUCE GRAPHENE & RELATED PRODUCTS
     MRC’s Munglinup natural flake graphite product characterised as highly
    crystalline with minimal defects
     Proprietary method identified to produce few-layer graphene from Munglinup
    Graphite Product at high yields (>95%) and reduced reagent requirements
     Proprietary method developed for producing functionalised graphene and
    related materials
     Initial application testing shows graphene and functionalised graphene suitable
    for conductive inks, super-capacitors and corrosion resistant paints and coatings
     Testwork confirms chemical intercalation and expansion characteristics of
    Munglinup Graphite Product using microwave expansion
     Program for next stage under development

  13. 29.6k
    Posts

    MRC & UNIVERSITY OF ADELAIDE SUCCESSFULLY DEVELOP PROPRIETARY
    METHOD TO PRODUCE GRAPHENE & RELATED PRODUCTS
     MRC’s Munglinup natural flake graphite product characterised as highly
    crystalline with minimal defects
     Proprietary method identified to produce few-layer graphene from Munglinup
    Graphite Product at high yields (>95%) and reduced reagent requirements
     Proprietary method developed for producing functionalised graphene and
    related materials
     Initial application testing shows graphene and functionalised graphene suitable
    for conductive inks, super-capacitors and corrosion resistant paints and coatings
     Testwork confirms chemical intercalation and expansion characteristics of
    Munglinup Graphite Product using microwave expansion
     Program for next stage under development

  14. 29.6k
    Posts

    MRC RENEWS EXISTING MINING RIGHTS AT TORMIN

    MINING RIGHTS RENEWED AT THE TORMIN MINERAL SANDS OPERATION FOR AN ADDITIONAL 10 YEARS

    Mineral Commodities Ltd ("MRC" or "the Company") is delighted to announce that the Company's South African subsidiary, Mineral Sands Resources (Pty) Ltd ("MSR"), has received notification that the Department of Mineral Resources and Energy - South Africa ("DMRE") will issue two Mining Right Renewals (WC 30/1/2/2/10107MR and WC 30/1/2/2/10108MR) allowing MRC to continue its existing mining operations on a portion of beach immediately adjacent to the farm Geelwal Karoo 262, in the Western Cape Province of South Africa.

    To read the full ASX Announcement please click on the link below

  15. 29.6k
    Posts

    MRC COMPLETES SKALAND GRAPHITE ACQUISITION
    • Successful completion of the acquisition of Skaland Graphite AS.
    • Skaland is the highest grade flake graphite operation in the world and largest
    producing mine in Europe.
    • Acquisition provides MRC with immediate European graphite production of up
    to 10,000tpa with regulatory approval to increase to 16,000tpa. 1
    • Optimisation work for concentrate upgrades at an advanced stage.
    • Downstream value-adding studies commenced.
    Mineral Commodities Ltd (“MRC” or “the Company”) is pleased to announce that further
    to its announcement on 4 April 2019, the outstanding conditions precedent under the
    Share Purchase Agreement (“SPA”) were satisfied on Friday 4th October 2019. Accordingly,
    the Company has moved to complete the acquisition of 90% of the issued share capital
    in Skaland Graphite AS (“Skaland”) under the SPA.
    MRC has subsequently paid the initial cash consideration of NOK41.4M (US$4.5M). The
    remaining consideration of NOK38M (US$4.2M) is payable over five years, with interest
    applied at a rate of NIBOR+2% per annum calculated quarterly, and principal repayments
    as follows:
    - NOK2.7M in each quarter of the first year following completion; and
    - NOK1.7M in each quarter thereafter for years two to five.
    The acquisition was funded from existing cash reserves.
    MRC Graphite (Norway) Pty Ltd, a wholly owned subsidiary of the Company acted as the
    sole contractual buyer of 100% of the issued capital of Skaland. The remaining 10%
    interest was transferred to the facilitator of the transaction, BSG Mining LLC, an unrelated
    party to the Company.
    MRC took full control of Skaland and its operations as of last Friday’s settlement. MRC
    will also market all production from the Skaland mine in its own right.
    1- This represents capacity only, specific quarter and annual production guidance will be provided in the Company’s
    Quarterly Activity Statements
    ABN 39 008 478 653
    info@mncom.com.au Page 2
    www.mncom.com.au
    ASX: MRC ASX: MRC 7 October 2019
    Commenting on completion of the transaction, Executive Chairman Mark Caruso said,
    “The acquisition of Skaland has fast tracked Mineral Commodities to be the largest graphite
    miner in Europe. Skaland offers excellent geostrategic positioning to capitalise on the fastest
    growing electric vehicle market globally. The Company has already evaluated several
    opportunities to optimise the current operation that will improve the concentrate quality
    before increasing production. It will move to implement these initiatives and thereafter
    increase production. The Company is progressing downstream processing, value adding
    initiatives and is intending to move to producing Battery Anode Material in the near term.
    Norway is at the forefront of electric vehicle adoption and with world class infrastructure,
    provides an excellent environment to build a vertically integrated carbon supply business.”

    1 like
  16. 1.0k
    Posts

    Graphite prices well off off their 2011 highs

    1 like
  17. 29.6k
    Posts

    who cares. mrc from 14 at Easter.....real earnings real stock

  18. 13.4k
    Posts

    Lucky the graphite stock isn't much of Mrs, the South African assets are the key assets and make all the revenue and profit

  19. 29.6k
    Posts

    mineral sands is the cash cow for mrc

  20. 29.6k
    Posts

    30 next stop imo

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