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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
12 Jun 2026 9:16AM
Price at Release
$0.004
Full Release
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Summary
MRG Metals Limited has announced the formal submission of the Mining Right Conversion Application for its Garies Rare Earth Project in South Africa. This application, lodged with the South African Department of Mineral and Petroleum Resources, represents a significant milestone for the project, which is considered a strategic critical minerals project with scaling potential. The initial mining operation is designed to demonstrate the commercial potential of the Garies district with a modular processing strategy capable of future expansion. Interest from potential strategic partners suggests opportunities for further development funding.
Key Points
  • MRG Metals Limited has lodged the Mining Right Conversion Application for the Garies Rare Earth Project in South Africa.
  • The application is a significant milestone, marking the advancement of the Garies Project.
  • The Mining Right Conversion is for an initial 10-year period.
  • The project is seen as a strategic critical minerals project with potential for scalable future development.
  • The application includes geological data, mining studies, and metallurgical test work results.
  • There is interest from potential strategic partners to fund a pilot plant and ongoing exploration.
  • The modular processing strategy is designed for future expansion as new resources are developed.
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.