$69 postpage LB

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.

Gold MTF non-AMP

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- #

 


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