Added to YB: 2026-09-21
Pitch date: 2026-09-17
MRD.AX [bullish]
Mount Ridley Mines Limited
+2.17%
current return
Author Info
Equities Club is a team passionate about small-cap mining stocks on the ASX. We tap into an experienced network we’ve built over decades in the mining industry, from geologists, project managers, lawyers, and people in the field, when assessing companies. Sign up for the newsletter.
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 62.4M
Pitch Price
AUD 0.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
-52.11
P/E
-27.88
EV/Sales
136.03
Sector
Metals and Mining
Category
growth
Half the Chemicals, More Metal - Mount Ridley Mines Limited
MRD.AX (hold): After a 75% gain from the 2.4c entry, the position remains intact at 4.2c and a $67M valuation. Selectro lifted scandium recovery from 80% to 91.8% while halving reagent dosage; heavy and light rare-earth recoveries reached 84% and 77%. The thesis now rests on whether the upcoming bulk sample validates these laboratory results at scale.
Read full article (4 min)