Commodities, Exploration/Development, News

MRG Metals excited by mineral sands future

MRG Metals mineral sands

MRG Metals is advancing its mineral sands aspirations in Mozambique, with its Corridor Central and Corridor South tenements at the heart of the company’s strategy.

MRG has successfully submitted its mining licence applications for the heavy mineral sands (HMS) licenses, which comes after it completed scoping and metallurgical studies into the Corridor projects in August.

“The team has done a wonderful job in submitting the massive amount of documentation required to make mining license application over our Corridor Central (6620L) and Corridor South (6621L) exploration licenses,” MRG Metals chair Andrew Van Der Zwan said.

“We made (an) application based on data which confirmed a low-cost structure and potential mining operation with mineralisation from surface.”

MRG is expecting results from a recent reconnaissance aircore drilling program soon, along with a preliminary economics assessment (PEA) by IHC Mining.

The recent engineering scoping study determined MRG’s Corridor Sands project – specifically the Koko Massava, Nhacutse and Poiombo deposits – to be a strongly homogenous resource showing favourable HMS grain size and easy clay fines removal characteristics, which will reduce cost.

It also determined a simple HMS processing method with a low level of impurities in the sand throughput.

MRG plans to mine and process run-of-mine (ROM) material by establishing mining unit plants (MUP) and a wet concentrator plant (WCP) initially capable of processing 20.1 million tonnes per annum.

The first three years of production would process sand approaching 6.5 per cent total heavy minerals (THM), with processing still exceeding 5 per cent THM by year 15.

Resulting products from the Corridor Sands project include ilmenite, titanomagnetite concentrate and a non-magnetic concentrate, with the expected production of 383,000, 273,000 and 50,000 tonnes per annum, respectively.

The Corridor Central and Corridor South tenements are located 10km south of the Corridor Sands project.

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