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MRG Metals Limited (ASX:MRQ)

ALERT: Price-sensitive ASX Announcement for MRQ
Current share price for MRQ : $0.004 0.001 (14.29%)+
Announcement
Release
11 Jun 2026 9:12AM
Price at Release
$0.004
Full Release
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Summary
MRG Metals Limited has announced the first laboratory assay results for its Fotinho Rare Earth Project in Mozambique, revealing promising total heavy mineral (THM) results from 32 auger drill holes. These initial findings indicate an alluvial heavy mineral target over a combined area with the adjacent Adriano Rare Earth Project. The assays, processed by MAK Analytical in South Africa, returned high THM grades, further validating the project's potential for valuable heavy minerals such as monazite, rutile, zircon, leucoxene, and ilmenite. The results are expected to guide further geological mapping, sampling, and infill drilling in the region, with plans to conduct detailed mineralogical studies.
Key Points
  • First laboratory assay results announced for Fotinho Rare Earth Project.
  • 32 auger drill holes show promising total heavy mineral (THM) results.
  • Combined area with Adriano Rare Earth Project shows alluvial heavy mineral target.
  • High grades of valuable heavy minerals including monazite and rutile.
  • Plans for further geological mapping, sampling, and infill drilling.
  • Future detailed mineralogical studies planned based on initial results.
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.