MRG Metals Advances Corridor North with JV-Backed Drilling Investment
MRG Metals Limited (ASX: MRQ) has secured continued support from its joint venture partner, Sinowin Lithium, which will fund drilling at the Corridor North Titanium Dioxide Project in Mozambique. This investment strengthens confidence in the broader Corridor Sands development, extending beyond the 2 billion tonne Corridor Central and Corridor South deposits. The additional drilling is expected to expand mineralisation and provide critical data for a mining licence application.
Under the joint venture framework, Corridor North is expected to be incorporated after achieving initial production milestones, while ongoing exploration commitments will maintain the licence. Sinowin has already invested over US$2 million and supported key approvals, including environmental clearances, supporting a targeted production start in 2027.
The project is supported by well-established infrastructure, with the nearby Port of Chongoene providing a strategic advantage for efficient export operations. Initial production is targeted at 130,000–160,000 tonnes annually, with a ramp-up to 800,000 tonnes over five years.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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MRG Metals Advances Corridor North with JV-Backed Drilling Investment
MRG Metals Limited (ASX: MRQ) has secured continued support from its joint venture partner, Sinowin Lithium, which will fund drilling at the Corridor North Titanium Dioxide Project in Mozambique. This investment strengthens confidence in the broader Corridor Sands development, extending beyond the 2 billion tonne Corridor Central and Corridor South deposits. The additional drilling is expected to expand mineralisation and provide critical data for a mining licence application.
Under the joint venture framework, Corridor North is expected to be incorporated after achieving initial production milestones, while ongoing exploration commitments will maintain the licence. Sinowin has already invested over US$2 million and supported key approvals, including environmental clearances, supporting a targeted production start in 2027.
The project is supported by well-established infrastructure, with the nearby Port of Chongoene providing a strategic advantage for efficient export operations. Initial production is targeted at 130,000–160,000 tonnes annually, with a ramp-up to 800,000 tonnes over five years.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au