MRQ 14.3% 0.4¢ mrg metals limited

News: MRQ Mrg Metals Ltd Completes A$1.6 Mln Placement Through Issue Of 200 Mln Fully Paid Ordinary..., page-7

  1. 315 Posts.
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    Yep. Andrew has stated that they will be looking at a Joint Venture or Sale of Asset, however they are more than happy to take this to production themselves should it be necessary.

    MRQ doesn't only have the one asset. It will shortly have three completed MRE's - with other additional tenements already undergoing approval.

    Sheffield Resources just sold their Eneabba tenements for $24m, which is comprised of 211mt at 3.0% THM.

    MRQ's Koko Massava has an indicated mineral resource of 557mt at 5.1% THM and an inferred resource of 977mt at 5.0%.

    Additionally - we will have the Nhacutse and Poiombo MRE's available shortly - both of which could be developed/sold. With three MRE's, MRQ could sell one or two and fund production for the third.

    Last edited by Da12kl0rd: 19/01/22
 
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