MRG Metals Ltd. Stock Analysis MRQ.AX

MRG Metals Ltd. engages in the exploration and development of heavy mineral sands, rare earths and uranium within Mozambique, exploration at a carbonatite complex in Zimbabwe and Lithium in Western Australia. The company is headquartered in Ballarat, Victoria. The company went IPO on 2011-06-08. Its projects include Corridor Projects, Marao, Marruca and Linhuane. Its Corridor Central and Corridor South portfolio at the Corridor Projects in Mozambique include two contiguous tenements containing 13 targets. Corridor Central (6620L) comprises 179 square kilometers (km2) and Corridor South comprises 208 km2. The Marao and Marruca projects are contiguous and consist of 385 km2, with over 75 kilometers (km) of strike of interpreted palaeocoastline. The Linhuane project (7423L) comprises 113 km2 located in Inhambane Province and is an application pending grant. The company has three exploration licenses for Rare Earth Elements (REEs) and uranium that have been granted in Mozambique, which include Fotinho (11000L; 19,865.18 Ha), Adriano (11002L; 19,777.14 Ha), and Olinga (11005L; 16,534.47 Ha). Its Garies Rare Earth Project is a high-grade, monazite-hosted rare earth system located in South Africa’s Northern Cape Province.