• High grade lab results from the fifth of 5 alluvial targets confirm district scale potential across Adriano-Fotinho critical mineral corridor
• Valuable components to be determined from Lab results across all five targets are expected shortly
• Mineralisation occurs at surface across all five targets, supporting a potential low-cost, low-strip development pathway

MRG Metals Limited (ASX: MRQ) has announced high grade Total Heavy Mineral (THM) results from the fifth alluvial target area drilled at the Adriano Rare Earth Project in Mozambique. Nine auger drillholes were completed at Target 5 as part of a broader drilling campaign conducted between October and December 2025 across five alluvial target areas within the Adriano licence. Results confirm high grade THM mineralisation at surface, consistent with the high to very high grades returned from 37 holes across the first four target areas. With mineralisation now confirmed across all five target areas, the results reinforce the district scale potential of the Adriano-Fotinho critical mineral corridor. Next steps include a mineralogical study of composite HMC samples to define the valuable heavy mineral assemblage and confirm the TREO components of monazite, as well as assay results from initial sampling at the adjacent Fotinho licence to further confirm the district scale potential. Results from pegmatite outcrop sampling are also pending and may confirm a contributory hard rock source material for the alluvial system.

Based on the mineralogical results, additional exploration and mineral resource definition auger and / sonic drilling and / trenching could take place.