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MRG Metals Limited (ASX:MRQ)

ALERT: Price-sensitive ASX Announcement for MRQ
Current share price for MRQ : $0.004 0 (0%)+
Announcement
Release
13 May 2026 9:26AM
Price at Release
$0.004
Full Release
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Summary
MRG Metals Limited's Adriano site, under the exploration license 11002, has demonstrated promising mineralogical results with high contents of monazite, rutile, and zircon. These findings suggest significant potential for rare earth elements (REEs) extraction, backed by high Total Rare Earth Oxides (TREO) grades identified in the heavy mineral concentrate samples. The company is conducting ongoing geological studies, including hand-auger drilling, to further assess and quantify these valuable minerals. These efforts aim to establish the Adriano site as a viable source of REEs, crucial for various industrial applications.
Key Points
  • MRG Metals Limited holds the Adriano 11002 exploration license.
  • The Adriano site shows high levels of monazite, rutile, and zircon.
  • High Total Rare Earth Oxides (TREO) content indicates potential for rare earth element sourcing.
  • Initial mineralogical studies confirm the presence of valuable heavy minerals.
  • Further exploration and mineralogical analyses are planned to quantify valuable minerals.
  • Hand-auger drilling and other detailed geological studies are ongoing.
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.