MRG Metals Confirms Simple, Scalable Processing Route at High-Grade Garies Rare Earth Project

The latest announcement is out from MRG Metals Limited ( (AU:MRQ) ).

MRG Metals has confirmed that high-grade mineralisation from the DrillTarg deposit at its Garies Rare Earth Project can be treated through a simple, scalable processing route to produce a saleable monazite concentrate. Metallurgical testwork on a 350kg composite sample delivered initial monazite recoveries of about 72%, with the concentrate grading roughly 60% rare earth oxides, including a strong component of magnet and heavy rare earths.

The flowsheet relies mainly on conventional physical processing, including magnetic separation, gravity concentration and flotation, supporting the potential for a low-cost operation. With high-grade drill intersections, a maiden mineral resource estimate underway, a mining right application in preparation and 23 rare earth targets identified across the 275km² Garies tenement, the results strengthen the project’s development case and potential to scale, which could enhance MRG’s position in the rare earth supply chain.

The most recent analyst rating on (AU:MRQ) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on MRG Metals Limited stock, see the AU:MRQ Stock Forecast page.

More about MRG Metals Limited

MRG Metals Limited is an ASX-listed exploration company focused on developing the Garies Rare Earth Project in South Africa. The project targets high-grade rare earth mineralisation, particularly monazite hosting magnet and heavy rare earth elements, and is considered amenable to shallow open-pit mining with potential for low-cost development.

Current Market Cap: A$11.94M

For detailed information about MRQ stock, go to TipRanks’ Stock Analysis page.