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Metal Bank Limited ( (AU:MBK) ) has provided an announcement.
Metal Bank Limited has announced a maiden JORC 2012 Mineral Resource Estimate for the Seven Leaders Prospect within the Whiteheads Gold Project, located near Kalgoorlie. The estimate reveals a resource of 138,000 tonnes at 1.4g/t Au for 6,300 ounces of gold, providing a foundation for the company’s expedited gold production strategy. This development is expected to streamline the mining proposal assessment and enable the company to self-fund future exploration campaigns. The recent drilling results have shown higher-than-expected grades, indicating potential for increased project economics and additional upside in mined grade. Metal Bank is also progressing with applications for mining leases at other deposits and plans further drilling in 2026, underscoring its strategy to produce gold to fund growth.
More about Metal Bank Limited
Metal Bank Limited is a company operating in the gold mining industry, focusing on the exploration and production of gold. The company is transitioning from being a gold explorer to a gold producer, with a strategic focus on leveraging its Western Australian gold assets for near-term production.
Average Trading Volume: 1,335,476
Technical Sentiment Signal: Buy
Current Market Cap: A$20.19M
For an in-depth examination of MBK stock, go to TipRanks’ Overview page.