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MRG Metals Limited (ASX:MRQ)

ALERT: Price-sensitive ASX Announcement for MRQ
Current share price for MRQ : $0.004 -0.001 (-12.50%)+
Announcement
Release
9 Oct 2025 9:02AM
Price at Release
$0.004
Full Release
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Summary
MRG Metals Limited has commenced exploration at the Adriano rare earth licence in Mozambique, with fieldwork to extend to the adjacent Fotinho licence. The October 2024 sampling at Adriano confirmed 100% anomalous rare earth results, with high total rare earth oxides and significant magnetic rare earth components. This exploration seeks to unlock district-scale potential across the Adriano-Fotinho corridor. The program is expected to last eight weeks, with sample assays anticipated by February/March 2026. This initiative advances MRG's rare earth portfolio and complements their heavy mineral sands joint venture with Sinowin Lithium.
Key Points
  • MRG Metals Limited begins exploration at Adriano rare earth licence in Mozambique.
  • Sampling in October 2024 showed 100% anomalous rare earth results at Adriano.
  • Adriano-Fotinho corridor shows potential for district-scale rare earth discovery.
  • Fotinho exploration to start in mid-October after Adriano.
  • The exploration program aims to define region-wide discovery potential.
  • Exploration expected to take eight weeks, with results anticipated in early 2026.
  • MRG's exploration complements a joint venture with Sinowin Lithium.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.