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Mount Hope Mining Ltd. ( (AU:MHM) ) has shared an announcement.
Mount Hope Mining reported a pivotal December quarter as it advanced its Mt Solitary Gold Project with the completion of a maiden Phase 1 drilling program and the commencement of a Phase 2 reverse circulation campaign of up to 2,650 metres. Strong Phase 1 results, including a standout intercept of 19 metres at 4.5 grams per tonne gold from 39 metres, have underpinned an evolving geological model that links Mt Solitary and the nearby Mt Solar prospect into a district-scale MS2 Gold Corridor spanning approximately 7.5 kilometres. The company reinforced its balance sheet with a $1.23 million placement, lifting cash to $3.8 million at 31 December 2025 and providing funding to sustain drilling momentum at Mt Solitary while pursuing new Cobar-style polymetallic targets at Fenceline, Mt Solar, Blue Heeler, Black Hill and Mt Hope East, underscoring its ambition to deliver repeat discoveries and enhance shareholder value.
More about Mount Hope Mining Ltd.
Mount Hope Mining Limited (ASX: MHM) is an Australian mineral explorer focused on the Cobar Basin in New South Wales, where it is advancing the Mt Solitary Gold Project through systematic, drill-led exploration. Leveraging the emerging MS2 Gold Corridor and a broader Cobar-style polymetallic portfolio, the company targets new gold and base metal discoveries, aiming to build value through high-grade resource definition and district-scale exploration.
Average Trading Volume: 459,623
Technical Sentiment Signal: Sell
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