MRG Chairman, Mr Andrew Van Der Zwan said, “Our Heavy Mineral...

MRG Chairman, Mr Andrew Van Der Zwan said, “Our Heavy Mineral Sands projects are funded and heading into mine development. MRG received the first payment from SLC for June and July being AUD$120,000 last week and will continue to focus the majority of resources on the exciting development towards HMS concentrate production. In the meantime, Shawa is MRG’s most advanced exploration project in the portfolio. The attractiveness of Shawa is multi-facetted. A package of 10 contiguous Mining Licences has already been granted due to the existing Vermiculite resource, which will undergo further economic analysis. The results from our initial surface work described in this announcement support the potential of a significant Phosphate and Rare Earths discovery being made at Shawa, a significant opportunity to substantially increase the value of our portfolio.”