MRG’s Corridor Central and Corridor South portfolio at the Corridor Projects in Mozambique includes two contiguous tenements containing 13 high-priority targets.
The tenements are strategically located approximately 10km south of the Corridor Sands project, where Dingsheng Minerals has invested significantly. Additionally, Rio Tinto (ASX: RIO) and Savannah Resources (AIM: SAV) are planning to develop the Chilubane deposit, located 10km south of MRG’s Corridor projects.
Corridor Central (6620L) comprises 179km2 and Corridor South comprises 208km2. Both tenements cover palaeodunes known from historic drilling to host significant HMS mineralisation.
Within the Corridor Projects are the Koko Massava, Nhacutse and Poiombo deposits. MRG announced Mineral Resource estimates for all three deposits in 2021/22. Read about the results here.
Koko Massava has the potential to be the foundation of a multi-decade mine operation at Corridor Sands. MRG has a number of available exploration opportunities at the Corridor Projects and in Mozambique that it can run parallel to mine approval and development.
The Corridor Projects will potentially be supported by the Chongoene Development Corridor Project (CDC), a deep-water seaport with proposed mineral processing zone. Phase 1 of the CDC development is expected to commence in 2023 and will comprise: a two-berth jetty at the Chongoene Port with capacity for 10Mtpa; and railway line (221km) from Chongoene to Macaratane, proposed to run through/adjacent to Corridor Projects.
MRG has also formally submitted an expression of interest to utilise the African Renaissance Pipeline Project for the supply of natural gas to its asset.