MRG Metals Starts Metallurgical Test Work on Zimbabwe Mine Phosphate Sample; Shares Down 20%

MT Newswires Live

03/21

MRG Metals (ASX:MRQ) initiated sighter metallurgical test work on a phosphate bulk sample from phosphate target area 1, located within the Shawa carbonatite mining licenses in Zimbabwe, according to a Friday filing with the Australian bourse.

The test work will examine the efficiency of the bulk sample in producing a potentially economic concentrate grade of 30% phosphate, the filing said.

Shares fell 20% in midday trade Friday.

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