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Metal Bank Limited ( (AU:MBK) ) has issued an update.
Metal Bank Limited has lodged a mining lease application for the Homestead and Winja gold deposits at its Livingstone Project in Western Australia, which together hold a JORC Resource of 1.129 million tonnes at 1.36g/t gold for 49.6 thousand ounces of gold. This move is part of the company’s strategy to fast-track these deposits to production, with scoping studies underway to ensure mining lease approvals are in place while finalizing associated works. The Homestead and Winja deposits represent a low capital cost opportunity to progress to mining, with further studies planned for the Kingsley deposit.
More about Metal Bank Limited
Metal Bank Limited is a company operating in the mining industry, focusing on the exploration and development of gold deposits. Its primary projects include the Livingstone Project in Western Australia, where it is working on advancing gold deposits such as Homestead and Winja to production.
Average Trading Volume: 1,288,769
Technical Sentiment Signal: Buy
Current Market Cap: A$16.83M
Find detailed analytics on MBK stock on TipRanks’ Stock Analysis page.