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Mount Ridley Mines Limited (ASX:MRD)

ALERT: Price-sensitive ASX Announcement for MRD
Current share price for MRD : $0.022 -0.002 (-8.33%)+
Announcement
Release
23 Jun 2026 9:49AM
Price at Release
$0.024
Full Release
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Summary
Mount Ridley Mines Limited announced significant extensions of scandium mineralisation at their Block 1A and 1B Resource areas following the completion of a re-assay program involving 481 historical aircore pulp samples from the Grass Patch Complex. The results confirmed high-grade scandium mineralisation extends beyond current resource boundaries in all directions, with several new broad intercepts identified outside the existing Resource shell. This re-assay program materially enhances the exploration potential of Block 1, presenting significant prospects for future resource growth. These findings support an upgrade pathway for the Block 1 Mineral Resource Estimate, demonstrating promising opportunities for further resource development.
Key Points
  • Mount Ridley Mines Limited released further scandium re-assay results for Block 1.
  • 481 historical aircore pulp samples were re-assayed from the Grass Patch Complex.
  • High-grade scandium mineralisation extends beyond Block 1A and 1B Resource.
  • New broad intercepts were identified outside the current Resource shell.
  • The re-assay program enhances the exploration potential of Block 1.
  • Scandium mineralisation remains open in all directions at Block 1.
  • Results support an upgrade pathway for the Block 1 Mineral Resource Estimate.
  • Multiple new broad intercepts sit outside the current Resource shell with grades above the Block 1 average.
  • Mineralisation remains open to the north, south, east, and west of the current Resource shell.
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.