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Mount Ridley Mines Limited ( (AU:MRD) ) has issued an update.
Mount Ridley Mines Limited reported promising results from its recent exploration activities at the Weld Range West Project, with high-grade iron assays identified in several rock chip samples. The company’s strategic focus on this project is underscored by the potential for high-grade hematite mineralization, particularly in the southern zones, and plans for further exploration to enhance understanding of geological continuity. Additionally, the company has undergone a board change, with Mr. Pedro Kastellorizos joining as a Non-Executive Director, bringing extensive experience in the exploration and mining sectors.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in the extraction of iron ore, with a significant project located in the Mid-West region of Western Australia.
Current Market Cap: A$1.95M
See more insights into MRD stock on TipRanks’ Stock Analysis page.