Initial exploration results show promise

MRG Metals (ASX:MRQ) has announced promising results from its initial exploration program at the Adriano 11002 Rare Earth Element Project in Mozambique. The exploration involved the collection of 42 samples, revealing significant Total Rare Earth Oxides, with assays reaching up to 3.24%. The project shows potential for both hard rock and alluvial deposit exploration.

Project potential and future exploration

MRG Metals has achieved a significant milestone with its Adriano 11002 project in Mozambique, as initial exploration has shown promising results in rare earth element findings. A substantial portion of the samples collected showed anomalous Total Rare Earth Oxides, with Magnet Rare Earth Oxides such as neodymium and dysprosium comprising a significant 22% of these oxides. Encouraged by the promising results, MRG Metals plans to conduct closer spaced sampling and hand-auger drilling to further explore the project's potential. The prospectivity of the site is underscored by its geological setting, and the company is focused on expanding its resource base through additional exploration and licence applications. This project aligns with MRG Metals' broader exploration and corporate strategy, which includes ventures in Zimbabwe and Mozambique.

Insights from the executive team

'The early success at Adriano augurs well for MRG's exploration licence application northwest of Adriano, potentially expanding their resource base.'