Added to YB: 2026-05-01
Pitch date: 2026-04-29
MRD.AX [neutral]
Mount Ridley Mines Limited
-12.12%
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 41.2M
Pitch Price
AUD 0.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
-33.82
P/E
-18.39
EV/Sales
88.29
Sector
Metals and Mining
Category
value
MRD Hires Key Piece of WA's Rare Earth Puzzle
MRD.AX (update): Hired Chris Larder, 30yr metallurgist w/ flowsheet experience at Alcoa Wagerup (gallium) & Mt Weld (REE separation). Grass Patch holds 44.6kt heavy REO (80% of VTM's 57.4kt), plus 18.9kt scandium, gallium. MRD at $41M vs VTM $223M (20% mkt cap, 80% heavies). Larder to review LLNL testwork, integrate historical data, design flowsheet, reassay 3.3k samples for resource expansion. Key risk: lab recovery may not scale to commercial flowsheet.
Read full article (4 min)