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- Mount Ridley Mines (MRD) reports “excellent” beneficiation test results from a program carried out at its namesake rare earths project in Western Australia
- The company saw grades improve by more than 200 per cent in one sample and all improvements in excess of 100 per cent
- MRD announced that it’s a crucial step towards locking in viable project revenues and profits
- Assay results for the Mia prospect remain pending with delivery due in July and August
- MRD shares last traded at 0.3 cents
Mount Ridley Mines (MRD) has reported “excellent” beneficiation test results from a program carried out at its namesake rare earths project in Western Australia.
The results improved grades of its rare earth element materials by up to a whopping 202 per cent.
“Beneficiation results have delivered an important breakthrough, identifying the ability to
substantially increase the grade of REE mineralisation through an inexpensive, simple, and broadly adopted mineral processing technique,” MRD Chair Peter Christie said.
The increase in grades comes as the result of successful downstream testwork to capture more commercial materials from the ore, a process known as beneficiation.
The Mia prospect saw ore grades upgraded by 164 per cent, as did the Judy prospect.
“The company believes … the Mia prospect can generate intersections at grades high enough to ultimately beneficiate above 2000 parts per million TREO, which will have a very positive impact on project economics,” Mr Christie said.
A third prospect target called Vincent returned an improvement of 202 per cent.
In the background, assay results for 81 aircore drill holes remain pending, ones which are linked to the Mia prospect.
MRD shares last traded at 0.3 cents.
