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MRG Metals Limited ( (AU:MRQ) ) has shared an update.
MRG Metals has begun the permitting process for its recently acquired high-grade Garies Rare Earth Project in South Africa, appointing environmental consultancy AmberEarth and mining specialists Tech Code to prepare the Environmental Assessment, Mine Works Programme and Mining Right application, with submission targeted for the third quarter of 2026. The company is also finalising metallurgical work and an updated Competent Person’s Report to support a maiden JORC (2012) resource estimate expected in the first quarter of 2026, with bulk sampling results indicating exceptionally high total rare earth oxide grades and a magnet-rich composition that positions Garies as a potentially top-tier rare earth project and a key diversification pillar alongside MRG’s Mozambique mineral sands operations and broader rare earth corridor ambitions.
The most recent analyst rating on (AU:MRQ) stock is a Hold 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 and development company focused on mineral sands and rare earth elements, with a fully funded heavy mineral sands joint venture in Mozambique and emerging rare earth interests in South Africa’s Garies project and the Adriano–Fotinho Rare Earth Corridor. The company is seeking to diversify its portfolio and build a presence in high-grade, magnet-rich rare earth projects that could supply critical materials for the clean energy and technology sectors.
Current Market Cap: A$14.36M
See more insights into MRQ stock on TipRanks’ Stock Analysis page.