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MRG Metals Limited ( (AU:MRQ) ) has provided an announcement.
MRG Metals said its joint venture partner Sinowin Lithium has completed and lodged a full Environmental and Social Impact Assessment for the Corridor Central titanium dioxide project in Mozambique, covering the Koko Massava deposit within a combined two-billion-tonne JORC-compliant resource. The study, prepared for JV vehicle Sofala Mining and Exploration, received a Category A+ designation, the highest level under Mozambican law, underscoring both the project’s scale and the depth of environmental and social review.
The ESIA completion, alongside a Resettlement Action Plan targeted for mid-2026, is described as a critical regulatory milestone clearing the way to a planned 2027 production start and a potential mine life of up to 50 years, well beyond earlier models. Subject to approvals, the JV plans to progress permitting, engineering design, infrastructure construction and equipment procurement from mid-2026, aiming for initial output of 130,000–160,000 tonnes of heavy mineral concentrate per year and ramping up to 800,000 tonnes, reinforcing MRG’s growth trajectory in titanium feedstocks and rare earths.
More about MRG Metals Limited
MRG Metals Limited is an Australia-listed mineral exploration and development company focused on titanium dioxide and rare earths, with key projects in Mozambique and South Africa. Its portfolio includes the large-scale Corridor Central and Corridor South heavy mineral sands resource in Mozambique, as well as the ultra high-grade Garies Rare Earth Project in South Africa and the Adriano-Fotinho Rare Earth Corridor in Mozambique, positioning the company in critical minerals markets.
Current Market Cap: A$10.45M
For detailed information about MRQ stock, go to TipRanks’ Stock Analysis page.