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Mamba Exploration Ltd. ( (AU:M24) ) just unveiled an announcement.
Mamba Exploration has agreed to acquire a 70% interest in Meekatharra Minerals East Pty Ltd, which holds the rights to the Meeka East Gold Project in the Murchison Goldfields of Western Australia, expanding Mamba’s gold exploration footprint with a consolidated 152 km² package of largely underexplored tenements. The acquisition, alongside a $2 million share placement backed by new and existing investors and the appointment of experienced industry figures Matt Freedman as Executive Director and Peter Schwann as Technical Advisor, positions Mamba to aggressively explore the Mulga Bill trend extension and associated prospects, potentially enhancing its growth prospects and strategic standing in a highly prospective gold district.
The most recent analyst rating on (AU:M24) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
More about Mamba Exploration Ltd.
Mamba Exploration Limited is an ASX-listed mineral exploration company focused on gold projects in Western Australia. The company builds and consolidates prospective tenement packages in established gold mining districts, targeting underexplored ground using modern exploration techniques and geological reinterpretation to identify new gold discoveries.
Average Trading Volume: 576,194
Technical Sentiment Signal: Buy
Current Market Cap: A$11.81M
For a thorough assessment of M24 stock, go to TipRanks’ Stock Analysis page.