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Marquee Resources Limited (ASX:MQR)

ALERT: Price-sensitive ASX Announcement for MQR
Current share price for MQR : $0.004 -0.005 (-55.56%)+
Announcement
Release
15 Apr 2026 9:48AM
Price at Release
$0.009
Full Release
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Summary
Marquee Resources Limited has announced a strategic advancement in rare earth element (REE) processing with their Redlings Project, situated in Western Australia. The project holds a Maiden Mineral Resource Estimate (MRE) of 11 million tonnes at 1,130 ppm total rare earth oxides (TREO), with a significant growth potential targeting up to 306 million tonnes. They have partnered with Oak Ridge National Laboratory (ORNL) utilizing the NEAREST technology, which is designed for non-aqueous solvent extraction, providing a more sustainable solution for processing clay-rich, laterite-associated feedstocks typical of the Redlings deposit. This innovative approach aligns with both U.S. and Australian governmental supply chain objectives and aims to reduce chemical reagent consumption and environmental impact. The project is strategically poised to meet the rising demand for critical minerals driven by the electric vehicle (EV) and wind energy sectors.
Key Points
  • 11Mt Maiden Mineral Resource Estimate at 1,130 ppm TREO
  • Partnership with Oak Ridge National Laboratory for NEAREST technology
  • Clay-rich, laterite-associated deposit requiring non-aqueous processing
  • Significant growth potential with exploration target up to 306Mt
  • Strategic alignment with U.S. and Australian government supply chain objectives
  • Sustainable processing with reduced reagent consumption and lower environmental impact
  • Positioned to meet demand from EV and wind energy sectors
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.