Copilot: What happened?MRG Metals has officially received...

Copilot:

What happened?

MRG Metals has officially received approval for a Mining Licence (11137) for its Corridor South heavy mineral sands project in Mozambique. This is a major step forward toward beginning production, which they’re targeting in the next 12–18 months.

Key points

• The Licence was granted by INAMI, Mozambique’s National Mining Institute.

• The area includes two big mineral deposits—Nhacutse and Poiombo—with high-grade resources.

• This Licence follows others already granted nearby (Corridor Central and Linhuane).

Funding & Progress

• The project is fully funded by MRG’s joint venture partner, Sinowin Lithium (SLC).

• SLC will cover licensing fees (~USD $150,000), part of its $3M initial commitment.

• Once the Mozambique Government approves transferring the licences to the JV company, more funding (another $3M) will be unlocked.

Production plans

• First year production target: 360,000 tonnes of concentrate.

• Longer-term target (5 years): 800,000 tonnes.

• The Corridor Sands project includes multiple high-grade targets, with total global resources in the hundreds of millions of tonnes (MREs).

Why it matters

• This approval pushes MRG closer to becoming a producer, not just an explorer.

• It confirms project scale, funding readiness, and government progress.

• With major deposits and infrastructure partners in play, the project is moving into an execution phase.