MRG Metals Concludes MRE for Koko Massava, Promising Results Announced

April 22, 2020 01:11 PM AEST
Team Kalkine

Currently focused on the Corridor Projects Heavy Mineral Sands (HMS) in Mozambique, MRG Metals Limited (ASX:MRQ) completed the Maiden Mineral Resource Estimate (MRE) for Koko Massava prospect, the company’s first target.

A total JORC Mineral Resource of 1,423 Million Tonnes @ 5.2% total heavy mineral (THM) using a cut-off grade of 4% THM comprising an Indicated Mineral Resource of 289 Mt @ 4.9% THM and an Inferred Mineral Resource of 1,133 Mt @ 5.3% THM was announced.

The entire MRE lies outside of local townships and villages and MRQ also intimated about a significant exploration target. Next steps include bulk sample geometallurgical test work to characterise processing performance of the HMS, further assaying of titanomagnetite for vanadium content and dialogue with potential Offtakers as the size, grade and mineralogy of the resource has been defined by this MRE.

The IHC Robbins report of the MRE can be availed HERE- #

Disclaimer

The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.