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Mount Ridley Mines Limited (ASX:MRD)

ALERT: Price-sensitive ASX Announcement for MRD
Current share price for MRD : $0.024 -0.005 (-17.24%)+
Announcement
Release
5 May 2026 9:36AM
Price at Release
$0.029
Full Release
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Summary
Mount Ridley Mines Limited has completed a 3D gravity inversion modelling of its Mount Ridley Critical Mineral Project, confirming that the existing resources are part of a larger mineralized system. The results, provided by Core Geophysics Pty Ltd, show a strong correlation between mineralization and gravity highs, offering a clear framework for future growth and drilling. The modelling reveals two main gravity trends, with the western trend showing shallower mineralization and remaining open along strike, while the eastern trend is largely untested. This supports the company's geological model and enhances the potential for expansion of the mineralized areas at Mt Ridley.
Key Points
  • 3D gravity inversion modelling completed by Core Geophysics.
  • Existing resources are part of a larger mineralized system.
  • Strong correlation between mineralization and gravity highs.
  • Two main gravity trends identified.
  • Western trend shallower and open along strike.
  • Eastern trend largely untested.
  • Supports geological model and potential for expansion.
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.