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Company News
Newcomer to ASX mineral sands scene MRG Metals makes waves in Mozambique with ongoing results
Relative newcomer to the mineral sands scene MRG Metals (ASX: MRQ) has timed its entry into the space to take advantage of forecast increased consumption, with the company revealing metallurgical testwork on Koko Massava ore had generated a quality titanium dioxide product. MRG cemented ownership of highly prospective tenements in Mozambique less than two years […]
MRG Metals drilling results confirm more high-grade heavy minerals at Mozambique project
MRG Metals (ASX: MRQ) reported that auger drilling of two targets within in its South Corridor tenement in Mozambique have confirmed high-grade heavy mineral sands mineralisation (HMS). Corridor South covers 208 square kilometres of paleodunes also known from historic drilling to contain significant HMS mineralisation. Previous work established a large, high-grade mineralised zone with total […]
MRG Metals confirms ‘extensive high grade’ heavy mineral sands at Poiombo target
African explorer MRG Metals (ASX: MRQ) has confirmed “extensive high-grade” heavy mineral sand mineralisation at the Poiombo target within its Corridor South project in Mozambique. According to MRG, assays received now confirm visual estimates revealed in March and underpin the potential for a resource at Poiombo. Results received are from 201 samples arising from 31 […]
MRG Metals confirms significant heavy minerals sands discovery at Koko Massava target
A maiden mineral resource estimate by MRG Metals (ASX: MRQ) at the Koko Massava target in Mozambique has identified what the company believes is the “most significant” heavy mineral sands discovery in the last decade. The total estimate of 1.423 billion tonnes at 5.2% total heavy minerals (THM) using a cut-off grade of 4% THM […]
MRG Metals extends known heavy mineral sand mineralisation at Koko Massava
MRG Metals (ASX: MRQ) has extended the known heavy mineral sands mineralisation at its wholly-owned Koko Massava project in Mozambique. The company said the mineralised footprint know goes beyond 20 square kilometres. Assays from auger drilling at Koko Massava have generated numerous HMS intersections, with MRG noting mineralisation remains open in all directions, with a […]
MRG Metals confirms potential for ‘significant discovery’ at Corridor Central heavy mineral sands project
First pass auger drilling by explorer MRG Metals (ASX: MRQ) at the Koko Masava heavy mineral sands target within the Corridor Central project in Mozambique has returned near surface, high-grade results and demonstrated potential for a significant discovery. Assays from 16 holes drilled during the June campaign returned a total heavy mineral (THM) content of […]
MRG Metals to take charge of heavy mineral sands assets after reaching agreement with vendors
MRG Metals (ASX: MRQ) and the vendors of heavy mineral sands projects in Mozambique have enacted a new sales agreement for the projects that will see MRG taking charge of the assets in the coming days. A heads of agreement was first inked in April this year between the shareholders of Sofala Resources Pty Ltd […]
MRG Metals locks-in its heavy mineral sands projects in Mozambique
After completing due diligence, MRG Metals (ASX: MRG) has locked-in its three heavy mineral sands projects in Mozambique with a decision to pursue the acquisition. However, the deal remains dependent on share holder approval which will be sought in late June. If MRG Metals gains share holder approval it will put US$100,000 towards the projects’ […]
MRG Metals picks up high potential heavy mineral sands projects in Mozambique
MRG Metals (ASX: MRQ) is set to add heavy mineral sands (HMS) to its diversified commodity base after clinching an agreement to acquire 100% of three high potential HMS projects in southern Mozambique, which is a recognised world-class HMS province. Under the heads of agreement, MRG has 30 days to undertake due diligence. If MRG […]