Mount Ridley Mines Limited (AU:MRD) has released an update.
Mount Ridley Mines Limited has announced a significant maiden Mineral Resource Estimate for the Mia Prospect, revealing 168 million tonnes at 1,201ppm of Total Rare Earth Oxide (TREO). This discovery includes higher-grade zones and shows potential for enhanced extraction efficiency through simple screening and acid leach techniques. Located near the Port of Esperance in Western Australia, this prospect is part of a larger project area with several other priority zones of rare earth element mineralization.
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