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Mont Royal Resources Ltd. ( (AU:MRZ) ) has provided an update.
Mont Royal Resources Ltd has announced the recommencement of metallurgical flotation test work for its Ashram REE and Fluorspar Project, engaging Auralia Metallurgy Pty Ltd to optimize the process. The program aims to enhance the existing flowsheet, building on previous successful results, and explore the potential inclusion of a commercial fluorspar concentrate as a high-value by-product. This initiative is expected to de-risk technical aspects of the project and improve its economic viability, with implications for advancing through study phases and potentially incorporating new processing technologies.
More about Mont Royal Resources Ltd.
Mont Royal Resources Ltd is a company focused on the development of the Ashram Rare Earth Elements (REE) and Fluorspar Project located in Northern Quebec, Canada. The company is engaged in the exploration and advancement of mineral projects, with a particular emphasis on rare earth elements and fluorspar, which are critical in various high-tech and industrial applications.
Average Trading Volume: 1,563,547
Technical Sentiment Signal: Buy
Current Market Cap: A$49.09M
For a thorough assessment of MRZ stock, go to TipRanks’ Stock Analysis page.