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An update from Mamba Exploration Ltd. ( (AU:M24) ) is now available.
Mamba Exploration Limited has lodged an Appendix 3B announcing a proposed placement of up to 59,033,122 ordinary fully paid shares, with an intended issue date of 4 February 2026. The capital raising via this substantial share placement is expected to provide additional funding flexibility for the company’s exploration activities and general corporate purposes, potentially strengthening its balance sheet and positioning it for future project advancement and strategic initiatives in the mineral exploration space.
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 Australian-listed exploration company trading under the ASX code M24. The company operates in the resources sector, focusing on the exploration and development of mineral assets, with its ordinary fully paid shares listed on the Australian Securities Exchange.
Average Trading Volume: 576,194
Technical Sentiment Signal: Buy
Current Market Cap: A$11.81M
For detailed information about M24 stock, go to TipRanks’ Stock Analysis page.