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An announcement from Mamba Exploration Ltd. ( (AU:M24) ) is now available.
Mamba Exploration has completed the acquisition of a 70% interest in Meekatharra Minerals East Pty Ltd, securing effective control of the Meeka East Gold Project in Western Australia’s Murchison Goldfield. The transaction was funded following a $2 million placement and structured as a joint venture, with Meekatharra Minerals retaining 30% and free-carried to a Definitive Feasibility Study, aligning both parties for long-term project development.
The company has also advanced exploration at Meeka East through a 1,300-sample fine soil program over nearly 25km² and the interpretation of historic airborne electromagnetic data, which confirms conductive zones coincident with known gold anomalies. Together with a new exploration and prospecting agreement with Yugunga-Nya PBC that sets a framework for heritage protection and cultural engagement, these steps position Mamba to finalise targets and plan a maiden drilling campaign once approvals are secured.
More about Mamba Exploration Ltd.
Mamba Exploration Ltd. is an Australian mineral exploration company focused on gold projects in Western Australia, particularly within the Murchison Goldfield. The company advances early-stage exploration assets through geophysical and geochemical targeting, aiming to delineate economically viable gold resources via systematic drilling programs.
Average Trading Volume: 1,028,085
Technical Sentiment Signal: Sell
Current Market Cap: A$7.12M
Find detailed analytics on M24 stock on TipRanks’ Stock Analysis page.