MRG Metals Expands Rare Earth Potential with Strong Heavy Mineral Results at Fotinho
MRG Metals Limited (ASX: MRQ) has reported encouraging assay results from 57 auger drillholes completed at the Fotinho Rare Earth Project in Mozambique, strengthening the exploration outlook across the broader Adriano–Fotinho corridor. The drilling program delivered Total Heavy Mineral (THM) grades exceeding 3% in 26 holes, with the highest result reaching 7.69% THM over one metre. Several intersections also demonstrated consistent mineralisation at depths of up to three metres, highlighting the potential scale of the alluvial system. Across all completed holes, the weighted average grade was 2.95% THM over an average thickness of 1.38 metres. The latest findings complement earlier drilling and mineralogical studies that identified valuable heavy minerals, including monazite, rutile, zircon, leucoxene and ilmenite. MRG plans to commence grid-based auger drilling and further mineralogical analysis to define the size, continuity and economic potential of the emerging rare earth and heavy mineral corridor.
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 Expands Rare Earth Potential with Strong Heavy Mineral Results at Fotinho
MRG Metals Limited (ASX: MRQ) has reported encouraging assay results from 57 auger drillholes completed at the Fotinho Rare Earth Project in Mozambique, strengthening the exploration outlook across the broader Adriano–Fotinho corridor. The drilling program delivered Total Heavy Mineral (THM) grades exceeding 3% in 26 holes, with the highest result reaching 7.69% THM over one metre. Several intersections also demonstrated consistent mineralisation at depths of up to three metres, highlighting the potential scale of the alluvial system. Across all completed holes, the weighted average grade was 2.95% THM over an average thickness of 1.38 metres. The latest findings complement earlier drilling and mineralogical studies that identified valuable heavy minerals, including monazite, rutile, zircon, leucoxene and ilmenite. MRG plans to commence grid-based auger drilling and further mineralogical analysis to define the size, continuity and economic potential of the emerging rare earth and heavy mineral corridor.
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