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Mount Ridley Mines Limited ( (AU:MRD) ) just unveiled an update.
Mount Ridley Mines Limited has expanded its exploration licenses at the Mount Ridley Gallium and Rare Earth Project, securing the entire Grass Patch Complex in Western Australia. This strategic move consolidates control over a significant geological domain known for its critical mineral potential, including gallium and heavy rare earth elements. With only 20% of the area tested, the company plans to conduct further drilling to explore untapped mineralized zones, potentially enhancing its resource estimates and strengthening its position in the critical minerals market.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited operates in the mining industry, focusing on the exploration and development of critical minerals, particularly gallium and rare earth elements. The company is strategically positioned in Western Australia and is dedicated to expanding its resource base in the region.
Average Trading Volume: 92,131,331
Current Market Cap: A$57.44M
For an in-depth examination of MRD stock, go to TipRanks’ Overview page.