MRG Metals Limited (ASX:MRQ) Secures Heavy Mineral Sands Licences
Mining Licence Approval
MRG Metals Limited (ASX:MRQ) has received approval for the Corridor Central 11142 Heavy Mineral Sands (HMS) Mining Licence, signed by Mozambique’s Minister of Mineral Resources and Energy. This licence enables MRG to tap into the high-grade Koko Massava deposit, boasting a JORC Resource of 103 million tonnes at 6.6% total heavy minerals (THM).
Corridor South Progress
The company is also nearing the final approval process for the Corridor South 11137 HMS Mining Licence, which includes the Nhacutse and Poiombo deposits. These deposits hold a combined JORC Resource of 257 million tonnes at 6.0% THM and several additional targets that expand MRG’s potential resource base. This progress is set to assist MRG’s joint venture partner, SLC, in commencing mining operations in 2025.
Executive Insights
MRG Metals Chairman, Mr Andrew Van Der Zwan, commented, “The signing of the Corridor Central Mining Licence is a critical step in the Company’s push towards production as a free-carried 30% equity partner of a new world-class HMS mine. Our permitting focus will now move to finalisation of Corridor South and a renewed focus on the Linhuane Exploration licence.”
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