Mount Ridley Unveils Major Rare Earths Discovery

Mount Ridley Mines Limited (AU:MRD) has released an update.

Mount Ridley Mines Limited reports a significant maiden Mineral Resource Estimate for the Mia REE Prospect with 168 million tonnes containing rare earth elements, including high-grade zones. The company has optimized its exploration efforts by surrendering less prospective areas and has also acquired a new tenement with potential for various minerals. Financially, Mount Ridley remains debt-free with a cash reserve of $1.411 million and additional investments.

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