Mt Monger Resources Secures key tenement at Ravensthorpe
- Mt Monger Resources (MTM) secures a key area of ground at its Ravensthorpe project in Western Australia
- The company applied for a tenement located in the centre of the Young River prospect, which is over several known mineralised zones
- The area contains ultramafic rocks, which have been interpreted to be a continuation from the Lake Johnston greenstone belt
- It contains two high priority nickel sulphide areas, with ground that is prospective for lithium, graphite, and rare earth elements (REEs)
- Shares are trading 6.82 per cent lower at 20.5 cents each just before market close
