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Mount Ridley Mines Limited (ASX:MRD)

ALERT: Price-sensitive ASX Announcement for MRD
Current share price for MRD : $0.024 -0.003 (-11.11%)+
Announcement
Release
20 May 2026 8:23AM
Price at Release
$0.027
Full Release
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Summary
Mount Ridley Mines Limited has commenced Phase 1 metallurgical testwork at its Grass Patch Heavy Rare Earth Element Project in Western Australia. This phase, conducted by Nagrom, focuses on regolith-hosted heavy rare earth (HREE) mineralisation, including scandium and gallium. The testwork is led by newly appointed Technical Advisor Chris Larder, aiming to establish a robust baseline for characterisation and beneficiation at the Winstons and Keiths Prospects. Results will be integrated into broader metallurgical initiatives to advance processing strategies.
Key Points
  • Phase 1 metallurgical testwork has started at Nagrom laboratory.
  • Focus is on regolith-hosted HREE mineralisation at the Grass Patch Complex.
  • Technical Advisor Chris Larder leads the program with extensive experience.
  • The program aims to establish a characterisation and beneficiation baseline.
  • Historical testwork results at Winstons and Keiths are the primary focus.
  • Mount Ridley seeks to advance its processing strategy and partnerships.
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.