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Mont Royal Resources Limited (ASX:MRZ)

ALERT: Price-sensitive ASX Announcement for MRZ
Current share price for MRZ : $0.085 -0.135 (-61.36%)+
Announcement
Release
9 Jun 2026 8:30AM
Price at Release
$0.220
Full Release
download
Summary
The Ashram Project, located in Nunavik, northern Québec, is fully owned by Mont Royal Resources Limited and is a significant rare earth element and fluorspar deposit within the Eldor Carbonatite Complex. The updated Preliminary Economic Assessment (PEA) highlights robust project economics with an estimated life-of-mine (LOM) revenue of CAD 24,638 million and an EBITDA margin of 62.7%. The Mineral Resource Estimate consists of 73.2 million tonnes of Indicated Resources grading 1.89% Total Rare Earth Oxides (TREO) and 131.1 million tonnes of Inferred Resources grading 1.91% TREO. The project aims to produce high-purity mixed rare earth carbonate, suitable for North American and European separation facilities. A 30-year mine life is planned, with development strategies focusing on on-site concentration and hydrometallurgical processing in Saguenay, leveraging strategic infrastructure advantages like access to logistics corridors and renewable hydroelectric power.
Key Points
  • Ashram Project is located on Mont Royal Resources' 100%-owned Eldor Property in Nunavik, northern Québec.
  • The project hosts the Eldor Carbonatite Complex and the Ashram Rare Earth and Fluorspar Deposit.
  • Ashram Mineral Resource Estimate includes Indicated Resources of 73.2 Mt grading 1.89% Total Rare Earth Oxides (TREO) and Inferred Resources of 131.1 Mt grading 1.91% TREO.
  • The project is designed to produce a high-purity mixed rare earth carbonate (MREC) suitable for processing by North American and European separation facilities.
  • The economic analysis projects LOM revenue of CAD 24,638 million and an EBITDA margin of 62.7%.
  • The project is accessible via Kuujjuaq, which serves as the primary logistics hub.
  • The updated PEA highlights robust economics with an NPV8% post-tax of CAD 2,026 million and an IRR post-tax of 22.0%.
  • A 30-year life-of-mine plan is adopted, with initial capital costs phased over two years.
  • Project development strategy includes on-site concentration and hydrometallurgical processing in Saguenay.
  • The site benefits from strategic infrastructure advantages including access to logistics corridors and renewable hydroelectric power.
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.