MRG Metals Limited
ASX Code
MRQ
Sector
Materials
Investor Centre
https://mrgmetals.com.au/investor-info
Website
https://mrgmetals.com.au/
About
MRG Metals Ltd (ASX:MRQ) is a mineral exploration company that listed on the ASX in June 2011. The Company is currently focussed on the utilisation of data mining technology to predict geochemistry and make frontier discoveries hidden under-cover. The mineral sands industry involves mining heavy mineral sands (HMS) identified in fossil beach and river environments. These deposits are primarily exploited for their titanium and zircon content. Titanium minerals are commonly referred to as titanium feedstocks. Key titanium feedstocks include: ilmenite, rutile and leucoxene. Ilemenite can also be refined to produce feedstocks with higher titanium dioxide (TiO2) content such as high titania slag and synthetic rutile. Zircon is generally a smaller part of the HM suite, and attracts a higher price than titanium feedstocks. As a result, zircon provides a significant financial contribution to mineral sands operations. Titanium feedstocks are characterised by two primary product chains: TiO2 pigment and the titanium metals sector. TiO2 pigment production accounts for almost 90% of global titanium feedstock consumption. Titanium metal manufacture is the second primary feedstock consumer, while the balance of supply is used to produce welding electrode fluxes and titanium-based chemicals.