Mineral Commodities Ltd

ACN 008 478 653

ABN 39 008 478 653

40 Murray Road North

Welshpool WA 6106, Australia PO Box 235, Welshpool DC WA 6986, Australia Telephone: 61 8 6253 1100

Facsimile: 61 8 9258 3601

Email: [email protected]
Web: www.mineralcommodities.com
15 December 2014

MSR strenuously opposes application made by Blastrite in the High

Court of South Africa seeking orders against MSR

Mineral Commodities Limited ("MRC or the "Company") advises that an application has been made in the High Court of South Africa (Western Cape Division, Cape Town) by Blastrite Proprietary Limited ("Blastrite") to seek relief for the following:
(i) An order that Mineral Sands Resources (Pty) Ltd ("MSR"), a subsidiary of MRC, may not deal with any entity or person other than Blastrite in relation to the discussion and consideration relating to any potential garnet and/or other abrasive media resource that may be present in or on the beach deposit located within the Tormin Mineral Sands Project; and
(ii) An order that MSR may not renew its existing offtake agreement for the period 1
July 2015 to 30 June 2016.
It is the Company's view that the application is an abuse of the Court process, founded on incorrect facts and is of no merit and as such, the Company, and other respondents have strenuously opposed this application which is to be heard on 18 December 2014.
The existing garnet offtake agreement and the supply of garnet concentrate pursuant to that agreement is ongoing.

For enquiries regarding this report please contact:

Mark Caruso - Chief Executive Officer +61 8 6253 1100

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