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The latest update is out from Mamba Exploration Ltd. ( (AU:M24) ).
Mamba Exploration has agreed to acquire a 70% interest in Meekatharra Minerals East, securing access to the Meeka East Gold Project over roughly 152 square kilometres in Western Australia’s Murchison Goldfield, and has raised A$2 million via an unbrokered placement to support the work. The company also reshaped its board and management, executed an exploration and prospecting agreement with the Yugunga-Nya PBC, and completed more than 1,300 fine soil samples plus interpretation of historic airborne EM data, which together confirm conductive zones coincident with gold anomalies and will guide a maiden drilling program at Meeka East and a new regional geochemical campaign at its Ashburton Project once approvals are in place.
More about Mamba Exploration Ltd.
Mamba Exploration Limited is an Australian mineral exploration company focused on gold assets in Western Australia, including the Meeka East Gold Project in the Murchison Goldfield and the Ashburton Project. The company targets highly prospective geological corridors and uses modern geophysics and geochemistry to define drilling prospects in one of the country’s most prolific gold provinces.
Average Trading Volume: 1,074,772
Technical Sentiment Signal: Sell
Current Market Cap: A$11.21M
For a thorough assessment of M24 stock, go to TipRanks’ Stock Analysis page.