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Metal Bank Limited ( (AU:MBK) ) has shared an announcement.
Metal Bank Limited announced that Hastings Technology Metals Ltd’s recent drilling at the Seven Leaders prospect within the Whiteheads Gold Project has confirmed high-grade gold mineralization. This development supports MBK’s strategic transformation into a gold producer, with the acquisition of the Whiteheads Gold Project expected to finalize in early December 2025, pending shareholder approval. The drilling results indicate a larger and higher-grade deposit than previously anticipated, positioning MBK to advance the project through mining approvals and into production by 2026.
More about Metal Bank Limited
Metal Bank Limited (MBK) operates in the mining industry, focusing on gold exploration and production. The company is transitioning from a junior exploration entity to a mid-tier mining company, with projects like the Livingstone WA Gold Project and the Queensland Critical Minerals Project.
Average Trading Volume: 850,449
Technical Sentiment Signal: Buy
Current Market Cap: A$9.95M
See more data about MBK stock on TipRanks’ Stock Analysis page.