Added to YB: 2026-04-10
Pitch date: 2026-04-07
MRD.AX [neutral]
Mount Ridley Mines Limited
+3.23%
current return
Author Info
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Company Info
Mount Ridley Mines Limited explores for mineral properties in Australia. The company explores for nickel, iron, copper sulphide, and gold deposits, as well as platinum-group elements and rare earth elements.
Market Cap
AUD 39.8M
Pitch Price
AUD 0.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
-32.68
P/E
-17.79
EV/Sales
85.30
Sector
Metals and Mining
Category
value
MRD Passes the Test That Kills Most Projects
MRD.AX (overview): Heavy rare earth project in WA cleared key met hurdle - simple acid leach extracted up to 86.5% HREE from clay, w/ dysprosium & terbium (most valuable elements) responding strongest. 122.5Mt @ 889ppm TREO, 41% HREE ratio (vs VTM 39%). Beneficiation via 75-micron screen captured 80%+ REEs in half the mass, avg 164% grade improvement. Also hosts 367.9Mt scandium & 838.7Mt gallium resources. Next: optimized testwork targeting Dy/Tb, combined recovery studies for Sc/Ga, Lawrence Livermore collab. $41M mcap vs VTM $207M.
Read full article (6 min)