• Final mineralogy results show high Valuable Heavy Mineral (VHM) content, including 1.9% Monazite, 2.3% Rutile and 1.9% Zircon
• Total Rare Earth Oxide (TREO) content of the HMC is 1.46%
• Significant portion of ilmenite reported to the magnetic fraction, requiring further SEM work

MRG Metals Limited has received the final mineralogical study results from SGS laboratory in South Africa for a composite heavy mineral concentrate (HMC) sample generated from 37 auger drillholes across 4 alluvial target areas at the Adriano Rare Earth Project in Mozambique. The results have confirmed high Valuable Heavy Mineral (VHM) content, including 1.9% Monazite, 2.3% Rutile and 1.9% Zircon, with a Total Rare Earth Oxide (TREO) content of 1.46% in the HMC. The battery REO content was shown as 103 ppm for Tb2O3+Dy2O3, and 3,264 ppm Pr2O3+Nd2O3. The high to very high Total Heavy Mineral (THM) grades previously reported from the initial 4 targets, as well as the 5th target, have now been complemented by the mineralogical studies confirming the HMC has significant content of high value heavy minerals. Further work will involve Scanning Electron Microscopy (SEM) to determine the TREO content of the monazite and the TiO2 content of the ilmenite, as well as mineralogical studies on individual composites from the 4 target areas.