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Mont Royal Resources Limited (ASX:MRZ)

ALERT: Price-sensitive ASX Announcement for MRZ
Current share price for MRZ : $0.097 -0.123 (-55.91%)+
Announcement
Release
26 May 2026 8:21AM
Price at Release
$0.220
Full Release
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Summary
Mont Royal Resources Limited reported the identification of high-grade fluorspar at its Mallard Prospect, located within the Eldor Carbonatite Complex in Québec, Canada. This prospect is in proximity to the Ashram Deposit, one of the largest fluorspar deposits globally. High-grade fluorspar was found in the newly named Flux Fluorite Zone, with grades reaching up to 39.8% CaF2. Initial drilling at Mallard focused on niobium, but significant fluorspar potential was discovered, prompting plans for further exploration. The fluorspar market is currently strong, driven by demand in various industries, and China’s shift to a net importer status has increased the importance of securing supply chains from Western regions like Canada. Mont Royal plans to continue drilling to expand and define these zones, aiming to leverage global market dynamics for critical minerals.
Key Points
  • Mont Royal Resources Limited (ASX: MRZ, TSXV: MRZL) has identified high-grade fluorspar at the Mallard Prospect.
  • The Mallard Prospect is located approximately 1.4 km southeast of the Ashram Deposit within the Eldor Carbonatite Complex in Québec, Canada.
  • High-grade fluorspar was confirmed within the newly named “Flux Fluorite Zone” with grades up to 39.8% CaF2.
  • Historical drilling primarily targeted niobium but revealed significant fluorspar potential.
  • Fluorspar prices remain robust due to strong demand from sectors like chemicals, steelmaking, semiconductors, and lithium-ion batteries.
  • China’s shift to a net importer of fluorspar has increased the strategic importance of Western supply chains.
  • Fluorspar mineralisation at Mallard remains open in multiple directions, supporting potential future development synergies with the Ashram Deposit.
  • A follow-up drilling program is expected to further delineate high-grade fluorspar zones at Mallard.
  • Mont Royal is positioning itself to be a key player in the critical minerals market with its projects in Quebec.
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.