Mining.com.au – MRG enters into Mozambique JV

MRG Metals (ASX: MRQ) has entered into a binding joint venture agreement with Sinowin Lithium (HK) Co and Sinowin Lithium Cobalt (Shenzhen) to develop its Mozambique Corridor Sands projects. Under the agreement, MRG will be free-carried through all capital and operating expenditure up to 440,000 tonnes of annual concentrate production. MRG retains 30% equity through mine start-up, reducing to a floor of 20% at full production. A feasibility study is substantially progressed and due to be finalised shortly.

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