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MRG Metals Limited ( (AU:MRQ) ) just unveiled an update.
MRG Metals Limited has announced promising results from its auger drilling at the Adriano site, where all 17 drill holes revealed substantial quantities of heavy mineral concentrate in alluvial deposits. The discovery of pegmatite outcrops along the riverbed suggests a potential primary source of rare earth elements, which could significantly enhance the company’s resource base. The ongoing exploration program aims to further delineate these deposits and assess their commercial viability, potentially strengthening MRG Metals’ position in the rare earth market.
More about MRG Metals Limited
MRG Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in identifying and extracting rare earth elements, which are crucial for various high-tech applications.
Current Market Cap: A$13.63M
For detailed information about MRQ stock, go to TipRanks’ Stock Analysis page.