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The latest update is out from Mount Ridley Mines Limited ( (AU:MRD) ).
Mount Ridley Mines Limited has announced a significant gallium resource at its Mount Ridley Project, establishing it as one of the largest known gallium resources globally. The project has an inferred mineral resource of 838.7 million tonnes at 29.3 ppm gallium, spread across three distinct blocks. This discovery highlights the project’s potential for multi-element mineralization, including scandium and heavy rare earth elements. The company is planning metallurgical studies to evaluate the production of mixed rare earth carbonate products, with over 70% of the project area still unexplored for gallium, indicating substantial exploration potential.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited is a mining company focused on exploring and developing mineral resources. The company operates primarily in the mining industry, with a focus on multi-element mineral systems, including gallium, scandium, and heavy rare earth elements. Their primary project is the Mount Ridley Project, located in Western Australia, which is positioned among the world’s largest known gallium resources.
Average Trading Volume: 78,862,244
Current Market Cap: A$29.84M
For detailed information about MRD stock, go to TipRanks’ Stock Analysis page.