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Mamba Exploration Ltd. ( (AU:M24) ) just unveiled an update.
Mamba Exploration Limited has announced a proposed placement of up to 89,333,333 new ordinary fully paid shares, with the issue expected to take place on 4 February 2026. The capital raising, disclosed via an Appendix 3B filing to the ASX, is aimed at expanding the company’s issued capital base, which may enhance its financial flexibility for ongoing exploration activities and strengthen its market positioning, though specific use of proceeds was not detailed in the announcement.
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 company (code: M24) operating in the mineral exploration sector. The company is focused on identifying and advancing resource projects, with its ordinary fully paid shares traded on the Australian Securities Exchange.
Average Trading Volume: 576,194
Technical Sentiment Signal: Buy
Current Market Cap: A$11.81M
See more insights into M24 stock on TipRanks’ Stock Analysis page.