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MRG Metals MRQ.AX · AUD

Materials · ASX · 🇦🇺 Australia

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About MRG Metals

Its shares trade on ASX under the ticker MRQ.AX. It has been listed since 8 June 2011. In the fiscal year to 30 June 2025, it reported revenue of A$5,842 and a net loss of A$939,011. At that date it held total assets of A$7.1m and shareholders' equity of A$6.9m.

MRG Metals Ltd. engages in the exploration and development of gold, silver, and base metals through its assets located in proven mining districts within Western Australia and Western Queensland. The company is headquartered in Ballarat, Victoria. The company went IPO on 2011-06-08. The firm has a portfolio of four high-calibre, 100%-owned projects and one further project under application in Mozambique. Its projects include Corridor Projects, Marao, Marruca, and Linhuane. The Company’s Corridor Central and Corridor South portfolio at the Corridor Projects in Mozambique includes two contiguous tenements containing 13 targets. Corridor Central (6620L) comprises 179 square kilometers and Corridor South comprises 208 square kilometers. The Marao (6842L) and Marruca (6846L) projects are contiguous and consist of approximately 385 square km with 75 km of strike of interpreted palaeocoastline. The Linhuane project (7423L) comprises 113 square kilometers located in Inhambane province and is an application pending grant. The firm also holds three exploration license applications (ELAs) for rare earth elements (REEs) and uranium in Mozambique.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
8 Jun 2011

Leadership

Pay as last reported

  • Mr. Andrew Van Der ZwanNon-Executive Chairman of the Board, since 2011A$116,958
  • Mr. Kobus BadenhorstCountry Manager-Exploration
  • Mr. Shane TurnerCompany Secretary, Independent Non-Executive Director, since 2011A$105,531
  • Chris GregoryIndependent Non-Executive Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • MRG Metals Ltd. owns four high-calibre projects in Western Australia and Queensland.
  • The Corridor Projects in Mozambique cover 387 square kilometers with 13 exploration targets.
  • MRG Metals holds three rare earth element and uranium exploration license applications in Mozambique.

Weaknesses

  • The Linhuane project in Mozambique is an application pending grant.
  • MRG Metals has no projects outside Western Australia and Queensland.
  • The company's portfolio includes only base metals and precious metals without diversification.

Opportunities

  • The Corridor Central and South projects in Mozambique offer 13 exploration targets.
  • MRG Metals can develop the Marao and Marruca projects with 75 km of interpreted palaeocoastline.
  • The firm's rare earth element applications in Mozambique present new exploration opportunities.

Threats

  • The Linhuane project's pending grant status may delay exploration activities.
  • MRG Metals faces competition from other mining companies in Western Australia.
  • Mozambique's regulatory environment could impact project development timelines.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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