MRQ.ASX: Fotinho Rare Earth Project First Assay Results

Fotinho Rare Earth Project First Assay Results

Stock	MRG Metals Ltd (MRQ.ASX)
Release Time	11 Jun 2026, 9:12 a.m.
Price Sensitive	Yes

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MRG Metals Announces High THM Assay Results from Fotinho Project

Key Points

15 of 32 auger drillholes returned >3% THM over entire drilling depth
Highest grade of 9.49% THM over 1.00m depth in FHA25015
Weighted grade average for all 32 holes is 3.23% THM over 1.58m
Results confirm alluvial Heavy Mineral target over Adriano-Fotinho area

Full Summary

MRG Metals Limited (ASX: MRQ) announced the first laboratory analytical results for 32 auger drillholes at the Fotinho Rare Earth Project in Mozambique. The results showed high Total Heavy Minerals (THM) content, with 15 of the 32 holes returning results >3% THM. The highest grade was 9.49% THM over 1.00m depth in hole FHA25015, and 5.22% THM over 4.3m depth in FHA25002. The weighted grade average for all 32 holes is 3.23% THM over an average thickness of 1.58m. These results, along with high THM and favorable mineralogy results from the adjacent Adriano REE Project, confirm an alluvial Heavy Mineral target over the combined Adriano-Fotinho 396.42 sq km area.

Outlook

MRG Metals is encouraged by the expanding inventory of alluvial heavy mineral-carrying gravels in the Adriano-Fotinho corridor and remains well-positioned to make informed investment decisions.