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MRG METALS LIMITED (ASX: MRQ)

MRG Metals reports excellent sighter metallurgical test results from Azaria and Malambane targets in the Corridor Sands Projects in Mozambique.
Testwork confirms higher VHM content in these targets, with significantly less coating on grains from Azaria and high mass recoveries from both Azaria and Malambane.
These results are expected to positively impact future economic assessments of the Corridor Sands Projects as a compelling investment opportunity.

2023-04-27 09:22:00

MRG Metals Limited successfully completed metallurgical testwork, significantly increasing non-magnetic product value for an updated Preliminary Economic Assessment (PEA).
The combined Zircon and Rutile non-magnetic products value increased from approximately USD $350 per ton to over USD $900 per ton, with more value determination work pending.
Further metallurgy results are anticipated shortly from new Azaria and Malambane deposits, which could provide further upside for the updated PEA.

2023-04-03 09:02:00

MRG Metals has completed successful metallurgical testwork on non-magnetic concentrate, which is expected to significantly improve NPV in the updated Preliminary Economic Assessment (PEA).
Calculated value for combined Zircon and Rutile non-magnetic products have increased to over USD $900 per ton, up from approximately USD $350 per ton in the PEA.
Further metallurgy results are expected soon from Azaria and Malambane deposits, which have substantially higher VHM mineralogy and could provide additional upside to the updated PEA.

2023-03-31 09:24:00