Mount Ridley Mines Limited
0.03
USD
+0.00
(-0.13%)
Mount Ridley Mines Limited
OTC:MRDMF
(OTC Markets)
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0.03
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yld
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ROIC.AI
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- Mount Ridley Mines Limited (ASX:MRD) explores and develops mineral properties focused on critical minerals in Western Australia; the company targets rare earth elements, gallium, nickel, copper sulphide, iron, gold, platinum-group elements, cobalt, lead, zinc, and silver deposits through its primary Mt Ridley Project, which spans approximately 3,400 square kilometers of granted exploration licenses in the Albany-Fraser Belt 50-70 kilometers northeast of Esperance Port, and its Weld Range West Project covering the southwestern portion of the Weld Range greenstone belt prospective for iron and gold. Incorporated in 2000 and headquartered at 168 Stirling Highway in Nedlands, Australia, Mount Ridley operates exclusively in the materials sector with a focus on demand-driven metals essential for supply chain security in electric vehicles, renewable energy, and advanced electronics; the Mt Ridley Project hosts a maiden Mineral Resource Estimate at the Mia Prospect featuring near-surface clay-hosted rare earth mineralization enriched in magnet rare earth oxides such as neodymium, praseodymium, dysprosium, and terbium, alongside a recently defined major gallium resource aligning with the Australia-United States Framework for critical minerals. Latest developments include the October 2025 announcement of a maiden gallium Mineral Resource Estimate at Mt Ridley, the November 2025 identification of 33 kilometers of new rare earth elements-gallium targets, ongoing metallurgical testwork demonstrating up to 85% recovery of magnet rare earths via hydrochloric acid leaching and grade enhancements through screening, and active discussions with Australian and international research groups, processing specialists, and strategic partners for beneficiation, solvent extraction, and ion-exchange methods to advance high-value zones rich in gallium and heavy rare earths toward development.
Company News
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