Latest Mount Ridley Mines (ASX:MRD) News

A handful of small-cap names posted big weekly swings, but the bigger story was a flood of new studies, resource upgrades and funding deals across gold, rare earths and battery materials. Investors chased scale and near-term production, while several raisings and gap-down reopenings showed how quickly early enthusiasm can fade.

Mount Ridley Mines has confirmed that high-grade scandium mineralisation at its Grass Patch Complex extends beyond the current Block 1 resource in all directions, based on re-assays of 481 historical drill samples. This expansion supports a resource upgrade and highlights the project's strategic importance amid tightening global scandium supply.

A brutal sell-off in a few small caps sat alongside takeover bids, fresh capital raisings and strong gains in medtech. The week split the market in two: buyers chased clear funding and approval news, while weaker stories sank fast after reopening.

Big price swings hit the materials board as deal news, capital raisings and resource updates pulled stocks in opposite directions. Gold M&A stayed busy, while critical minerals names kept feeding the market with drilling, testwork and project studies.

Mount Ridley Mines has unveiled exceptional scandium grades from its Phase 1 re-assay program at Grass Patch, revealing a new mineralised zone 13 kilometres beyond the existing resource boundary and highlighting significant untapped potential.

Mount Ridley Mines has launched its first major metallurgical testwork program at the Grass Patch Heavy Rare Earth Element Project, targeting processing pathways for its regolith-hosted rare earth, scandium, and gallium mineralisation.

Mount Ridley Mines’ latest 3D gravity inversion modelling validates its existing resource and uncovers multiple new high-priority rare earth and scandium targets, pointing to significant upside along strike and at depth.

Mount Ridley Mines has reported a substantial inferred mineral resource for heavy rare earths and scandium at its Western Australian project, underpinning its multi-element development strategy.

Mount Ridley Mines has launched a large-scale re-assay of 3,300 historical drill samples aiming to expand and upgrade its mineral resource estimates for heavy rare earths, scandium, and gallium without new drilling.

Rare earths, lithium and antimony stocks drove the week, while a handful of capital raisings and profit warnings hit hard. The biggest gains came from drilling wins and deal news. The sharpest falls came where investors faced dilution, weaker earnings or takeover friction.

Critical minerals and gold explorers drove the biggest moves, with OD6 Metals, Jindalee Lithium and Resolution Minerals leading the weekly board. Investors chased drill hits, fresh funding and deal news, while stocks that reopened after trading halts split between sustained buying and quick give-backs.

Mount Ridley Mines Limited has validated its heavy rare earth element resource through historical metallurgical testwork showing recoveries up to 86.5% across the Grass Patch Complex. The results underpin ongoing development efforts and metallurgical optimisation plans.