MRG Metals Limited (ASX:MRQ)
Share Pricing & News Mining

AUD 0.007

0 (0%)
(As on 2022-08-19 19:56:34 AEDT)
Previous Close Open Close*
0.007 0.007 0.007
Market Cap Dividend Yield (Annualized)
AUD 12.229M 0.00%

Day Range
0.007L 0.007 H
52 WEEK HIGH LOW
0.006L 0.0155 H

Chart Price & Information

Last Trade 0.007
Change% 0.0000
52 W H/L 0.016/0.006
EBITDA -618,678
NPAT After Abnormal Items -665,660
Equity 5.562M
ROE% -11.97%
Total Liabilities 127,040
Total Revenue 981
Cash and Cash Equivalents 1.611M

Stock Information

Share price 0.007
Market Cap 12.229M
Price/Gross Cash Flow -26.42
Dividend Yield Excluding Special 0.00%
Ending Shares 1.541B
52-Week Range 0.016-0.006
Gross DPS (AUD) 0
Gross Dividend Yield (Annualized) 0.00%
Earnings Yield 0.000
Net Tangible Asset (NTA) 0.00
P/E ratio 0.000
Sector P/E --
EPS -0.05
EV/EBITDA --
Net Profit Margin (%) --
Gross Cash Flows Per Share -0.00
Net Gearing -28.96%
Sales Per Share 0.00
Book Value Per Share 0.00

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About Company

MRG Metals Limited (ASX:MRQ) is an explorer and developer of heavy mineral sands (HMS) explorer. The Company owns and operates on a tenure size of 746 square kilometres of granted exploration licences in Mozambique. The mineral footprint is likely to increase , owing to additional approvals under process. MRQ has set itself on a path to become one of the most significant HMS discoverers.

Heavy mineral sands or HMS are found in shoreline environments and contain titanium minerals and zircon. Titanium minerals from the HMS are processed to TiO2 feedstock concentrate while zircon is processed separately is a highly valuable part of the HMS suite. Titanium finds several industrial applications including, TiO2 pigment in paint, welding electrode fluxes and alloying agents with aluminium, iron, manganese, and molybdenum. The alloys prepared from titanium are widely used in the aerospace and aircraft manufacturing industry, where lightweight and strong materials are required. The alloys can also endure high temperatures making it suitable for manufacturing jet engines.

MRG Metals HMS project portfolio includes several high-grade targets. The Mozambique project has four high calibre projects- Corridor Projects, Marao, Marruca and Linhuane.  The Corridor Projects includes two contiguous projects, and MRQ has identified 13 high-priority targets within the corridor.

The Company has delivered a maiden JORC compliant mineral resource estimate of 1.4 Bt @ 5.2% total heavy mineral with 4% cut-off grade on the Koka Massava prospect. It has significant potential for resource upgrade as exploration and drilling activities are advancing further.

The outlook for mineral sands is improving, and demand for titanium oxide and titanium metal is rising. MRG Metals has a proven exploration method on the project which is rendering the discovery cost as low as one cent/tonne. The HMS project in Mozambique provides long-life and low-cost development opportunity to the Company.

 

Corporate Information


C/- RSM Australia, 12 Anderson Street West, BALLARAT, VIC, AUSTRALIA, 3350

Phone:(03) 5330 5800

Email:info@mrgmetals.com.au

Website:http://www.mrgmetals.com.au

Dividends

Ex-Date Net Dividend Frank Flag Period End Date Type Payable

Event Calendar

Event Type Event Date Event Year
Report (Quarterly) 2023-07-28 2023
Report (Quarterly) 2023-04-28 2023
Report (Quarterly) 2023-01-30 2023
Report (Quarterly) 2022-10-28 2022
Report (Annual) 2022-09-30 2022