MRG Metals Limited (
#ASX:
$MRQ) is pleased to announce high grade Total Heavy Mineral (THM) results from the fifth alluvial target area drilled at the Adriano Rare Earth Project in Mozambique.
Highlights:
✅ Results from MRG's auger drilling campaign conducted between October and December 2025 have confirmed high grade Total Heavy Mineral (THM) results across five alluvial target areas at Adriano.
✅ Valuable components to be determined from Lab results across all five targets are expected shortly, with key components anticipated to be Rare Earth baring Monazite, and other key Valuable heavy minerals Ilmenite, Rutile and Zircon as evident in the Sediment samples last year.
✅ Nine holes drilled at the fifth target area returned:
- 5 of the 9 holes returned results >3% THM over the entire drilling depth.
- Highest grade hole with 4.56% THM over 3.95m depth in AAG25046.
- Highest individual 1m sample grade of 6.14% THM in the same hole.
- The weighted grade average for all 9 holes, using no cut off, is an average of 3.19% THM over an average thickness of 3.12m.
✅ Results from the first four target areas (37 holes, ASX Announcement 4 March 2026) returned:
- Of the 37 holes drilled, 5 holes have weighted average THM% grades of >6.00% THM, with grades up to 7.16% THM over 2.00m.
- The weighted grade average for all 37 holes, using no cut off, is an average of 4.50% THM over an average thickness of 2.84m.
- Individual samples returned analytical grades as high as 9.56% THM over 1.0m.
✅ All five target areas are located within a drainage system that returned anomalous Total Rare Earth Oxide (TREO) results across all 42 historic stream sediment samples (ASX Announcement 17 October 2024):
- 74% of samples exceeded 1,000 parts per million (ppm) TREO, with a peak of 32,393 ppm and a magnetic rare earth component of approximately 22%.
✅ Mineralisation occurs at surface across all five targets, supporting a potential low-cost, low-strip development pathway.
Read more:
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