MRG Metals LimitedASX: MRQ

Finalisation of High Grade Garies Rare Earth Project

· Issued by MRG Metals Limited

Filed with ASX · · 1 page · English

Summary by 6ix AI

MRG Metals Limited has finalized the acquisition of the Garies Rare Earth Project in South Africa, enhancing its critical minerals portfolio with high-grade rare earth assets. The acquisition includes an initial issuance of shares and additional shares contingent upon the grant of a Mining Licence. The Garies Project is noted for its exceptional rare earth grades and is located in a prominent mining jurisdiction. Bulk sampling has indicated high grades of total rare earth oxides, positioning Garies among the top rare earth projects globally.

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