A brief outline to MRQ - MRG Metals

Thought I would give a bit of a background post for any newbies here, I did have another post with this info in the general thread, but I feel it would be better as a thread

So welcome to MRG Metals, or MRQ

MRG is a Heavy Mineral Sands (HMS) play in Mozambique, it does still have a project in Sweden but that is up for sale I'm not going to talk about that.

So the main tenements everyone is talking about are the 2 corridor deposits. In these 2 tenements, there are 13 targets, one of those targets is Koko Massava which now has a massive JORC

https://www.asx.com.au/asxpdf/20200422/pdf/44h4ns7xrphs7g.pdf

There are another 12 targets and they have been getting drilled/tested with some 40-60% better than Koko. I do understand Koko will also still drilled to identify more high-grade zones.

Here is a graphic showing the layout of the targets on the 2 tenements:




and a quick review of them so far, this is dated now though with new better results having come in since - https://www.asx.com.au/asxpdf/20200512/pdf/44hrgfj0yhb8s5.pdf

note that this is not a single deposit find, this is going to be a regional resource in my view, it's up to you if you agree or not, I think it's going to be a monster.

To the North West less than 10km away we have Deposit 1 owned by Dingsheng, that is currently in production. We also have a few other neighbours but i'm not going to spoon feed you everything.




So Dingsheng are currently trucking over 200km for export, well it would be good to have a rail line and a port wouldn't it........

Well it's coming and MRG have been invited to the table to decide where the rail line will go so it doesn't interfere with any mining in the future, this is massive in my view, being brought into talks is always good.






Ann about it here - https://www.asx.com.au/asxpdf/20200806/pdf/44l7q5flcmfm7n.pdf


So Deposit 1, a very good deposit, we also have some more tenements, 2 of them are along the same strike that Deposit 1 is on, they have had minimal drilling in the past, and it was all in a very small location at the side of the strike, so it's basically virgin land.






From watching changes in the Mozambique Mining Portal I think these are going to be granted soon, then they can go and be explored


So it that it..........no.........MRG also have another tenement, some say it is the jewel in the crown, Linthuane could be a company make on it's own, even the resident downramper with the weird agenda has said that if/when it's granted and the previous drilling results are correct then it's a 5c stock in no time




So Linhuane..........the rest is great, but I have a feeling Linhuane is going to be amazing





So a brief outline of what MRG Metals has and what they are doing, I'd do more research yourself

MRG Metals has just had a CR which will cover the bill until the oppies start to get converted, this will bring in $7.18million and we have approx $1.1m in the bank after the CR so plenty money, great deposits, great results, great management, i'm here for the long term, finally people are starting to notice it and the re-rate has started to where it should be in my view

For full disclosure I do have a large position in MRG Metals, however I do think it is very undervalued with what it has just now, even at doublt this MC I feel it's undervalued, prob why I have been so vocal about it.