Mount Ridley Mines Limited (ASX:MRD) - A Rare Earth Story.

Coffee with Samso with Guy Le Page, Managing Director of Mount Ridley Mines Limited (ASX: MRD) is all about the REE story.

 

One of the best kind of exploration stories are those that have substance and have a reasonable potential for it to come true.

 

The Mount Ridley REE project is something that stands out from the crowd. As an observer of the recent REE announcements coming out of the woodwork, I am learning bits and pieces. My understanding of the REE industry has been largely from my Coffee with Samso with Northern Minerals Limited (ASX: NTU).

 

The appearance of REE in Ionic Clays have made a splurge in recent times. I don't have much understanding and this was a great opportunity to talk to someone in this recent trend. It was refreshing to be able to talk to industry and learn whether REEs are REEs or Not.

 

In this episode of Coffee with Samso, Guy shares with us the history and the contents of the MRD REE story. It was enlightening to hear from Guy that the REE deposit is not Ionic clays and that they actually don't know much about the project. The company is in a learning phase and the upcoming drilling will drive a clearer picture on the whole project in the next twelve months.

 

What I like about this project is that it is 35km from a port, have a highway, railway and a gas pipeline adjacent to the project. This is critical in any project and as the company continue to work on the technical aspects.

 

I encourage viewers to look at this story as a early exploration project or an early development mineral project.

 

Chapters:

 

00:00 Start

00:20 Introduction

01:52 Guy Introduction

02:32 How did MRD come up with the project?

03:40 What elements of the REE do MRD have?

04:42 What does TREO mean?

05:56 What do we read TREO?

07:11 The large Footprint for MRD.

07:50 Can investors assume the consistency of REE mineralisation?

09:11 Is this an alluvial process?

10:34 Can The project be host to other metals?

11:41 The REE market?

12:47 Could REE have ESG compliant issues which will lead to supply issue?

14:11 The geopolitical changes are driving the REE demand.

14:44 Co-Funding collaborations in Critical Metals.

15:35 News Flow for MRD.

16:41 Does MRD have environmental issues?

17:40 Why look at MRD?

18:49 The upside of MRD?

19:45 Conclusions