Mount Ridley Mines Limited (AU:MRD) has released an update.
Mount Ridley Mines Limited reported promising assay results from its rare earth element (REE) prospect, revealing high-grade findings over an 8-kilometer strike in the March 2024 quarter. The company received over $1 million from R&D tax refunds and holds a strong financial position with $1.661 million in cash and no debt. An anticipated initial Mineral Resource estimate for the Mia Prospect is expected to be released in May 2024.
For further insights into AU:MRD stock, check out TipRanks’ Stock Analysis page.
