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Mamba Exploration Ltd. ( (AU:M24) ) has provided an announcement.
Mamba Exploration Limited has announced a proposed placement of up to 44 million new fully paid ordinary shares, with an intended issue date of 10 February 2026. The capital raising, detailed in an Appendix 3B filing to the ASX, is designed to bolster the company’s funding base and support its ongoing exploration programs, with the enlarged share base potentially affecting existing shareholders’ dilution while strengthening the balance sheet for future project work and corporate development.
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 company on the ASX under the code M24. It operates in the resources and exploration sector, focusing on the discovery and development of mineral assets, with capital markets funding playing a central role in advancing its exploration activities.
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.