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Metal Bank Limited ( (AU:MBK) ) just unveiled an announcement.
Hastings Technology Metals Ltd has announced the commencement of a reverse circulation drilling program at the Seven Leaders prospect within the Whiteheads Gold Project. This marks the first on-ground activity following a non-binding agreement with Metal Bank Limited for the divestment of Hastings’ Western Australian gold assets. The drilling program, which includes approximately 1,500 meters of RC drilling and a geotechnical diamond core hole, aims to confirm historical drill data and establish a maiden JORC Mineral Resource Estimate. The successful completion of this program will enable Hastings to progress towards mining operations by late 2026, enhancing its strategy to realize value from non-core assets while retaining exposure to future success through a proposed shareholding in Metal Bank Limited.
More about Metal Bank Limited
Hastings Technology Metals Ltd is a company involved in the mining industry, focusing primarily on the exploration and development of rare earth elements and gold assets. The company is currently advancing its Whiteheads Gold Project, located in the Eastern Goldfields of Western Australia, through a strategic agreement with Metal Bank Limited.
Average Trading Volume: 352,818
Technical Sentiment Signal: Buy
Current Market Cap: A$8.95M
See more data about MBK stock on TipRanks’ Stock Analysis page.