An announcement from MRG Metals Limited ( (AU:MRQ) ) is now available.
MRG Metals Limited has made significant progress in its Mozambique operations, with the approval of the Corridor Central HMS Mining Licence and nearing approval for Corridor South. The company has completed an infill drilling program at the Magonde HMS Target and is conducting mineralogical analysis to support a potential JORC-compliant Mineral Resource Estimate. In Zimbabwe, MRG is conducting metallurgical testwork on phosphate samples from the Shawa carbonatite, with results expected in Q3 2025. The joint venture with Sinowin Lithium aims to expand production capacity, with staged equity adjustments based on achieving specific production milestones, ensuring MRG retains a minimum 20% equity stake.
More about MRG Metals Limited
MRG Metals Limited is a company involved in the exploration and development of mineral resources, focusing on heavy mineral sands (HMS) projects in Mozambique and phosphate and other minerals in Zimbabwe. The company has entered into a joint venture with Sinowin Lithium to develop its Mozambique Corridor Sands projects.
Current Market Cap: A$8.18M
For a thorough assessment of MRQ stock, go to TipRanks’ Stock Analysis page.