MRG Metals initiates Mozambique drilling

MRG Metals (ASX:MRQ) has started drilling programs at its Mozambique projects, Corridor North 10779 and Marao 6842, under a joint venture with Sinowin. The programs aim to explore and expand heavy mineral sands resources, with a budget exceeding USD$60,000.

MRG Metals' strategic expansion in Mozambique

MRG Metals has announced the launch of drilling programs in Mozambique, targeting its Corridor North and Marao projects. These efforts, supported by a joint venture with Sinowin, are aimed at increasing heavy mineral sands resources. The company has set ambitious targets to boost annual Heavy Mineral Concentrate production to over 110,000 tonnes at Corridor North and 440,000 tonnes at Marao. With an exploration budget exceeding USD$60,000, the company is employing established exploration protocols. The findings from these explorations could further expand production capacity, aligning with the company's growth strategy in the region.

Insights from MRG Metals leadership

The potential for these projects to contribute to significant growth in our HMS production capabilities is substantial. Our joint venture is focused on maximizing the scale of the Mozambique HMS portfolio for optimal growth.