MRG Metals June 2026 Quarterly Activities and Cashflow Report
Key points
- Garies Rare Earth Project shows high-grade monazite recovery and identified significant gallium
- Adriano-Fotinho Rare Earth Corridor confirms high-grade heavy mineral assays
- Titanium Dioxide Joint Venture progresses towards targeted 2027 production
Full summary
MRG Metals Limited (ASX: MRQ) reported advancements in its four-project critical minerals portfolio across South Africa and Mozambique during the June 2026 quarter. The Garies Rare Earth Project in South Africa confirmed a simple, scalable processing pathway with approximately 72% monazite recovery, and identified significant gallium levels. In Mozambique, the Adriano-Fotinho Rare Earth Corridor delivered high-grade heavy mineral assays. The titanium dioxide joint venture, with Sinowin, completed the Environmental and Social Impact Assessment for Corridor Central, reaffirming support from the Mozambique government. MRG's interest in the joint venture adjusts from 30% toward 20% as production milestones are met.
Outlook
MRG Metals plans to seek a commercial partner for the Garies project, expand mineralised footprint, and advance metallurgical testwork.
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