MRG Metals is a junior ASX explorer punching above its weight. With a world-class JORC classified heavy mineral sands (HMS) discovery in the bag, the company is now working towards a 100-year mine development in Mozambique.
The Company’s key HMS assets in Mozambique comprise:
- Corridor Sands – Mineral resources estimates (MREs) delivered for Koko Massava, Nhacutse and Poiombo deposits
- Marão – three large targets identified for testing during aircore drilling program
- Marruca – auger drilling set to commence to identify targets for aircore drilling
- Linhuane – exciting HMS exploration prospect currently under application
MRG has a dual speed approach – the Company is exploring across multiple tenements while progressing to mine development at Corridor Central and South. The Company has delivered Mineral Resource estimates at three highly prospective deposits at the Corridor Projects that will feed into a scoping study in 2022.
In addition, MRG has achieved the lowest exploration discovery costs (to Inferred Resource) in the industry with discovery/tonne running at under AUD 2 cents a tonne.