Added to YB: 2026-08-28
Pitch date: 2026-08-26
MRD.AX [neutral]
Mount Ridley Mines Limited
+8.11%
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 49.1M
Pitch Price
AUD 0.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
-40.69
P/E
-21.95
EV/Sales
106.21
Sector
Metals and Mining
Category
value
MRD Now Has the Biggest Scandium Resource on Earth
MRD.AX (hold): At a $42.5M market value and 3.2c share price, Mount Ridley's Grass Patch is the world's largest publicly reported scandium resource: 946Mt at 50.1ppm, containing 72,637t of scandium oxide. Selectro recovered 80% of scandium versus 27.6% for hydrochloric acid, plus rare earths and gallium in one circuit; surface clay avoids blasting and crushing. The reason for holding is the 66-to-1 valuation gap to $2.8B peer Sunrise, although Sunrise is far ahead with an ore reserve, flowsheet and government financing, while MRD remains inferred and early-stage.
Read full article (6 min)