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The latest announcement is out from Mt Malcolm Mines NL ( (AU:M2M) ).
Mt Malcolm Mines NL reported significant progress in its bulk sampling program at the Golden Crown Prospect for the quarter ending December 2024. The company produced its first doré bar, generating revenue of AUD$449,194 from 122.4 ounces of gold with purity ranging from 85.6% to 93.2%. The sampling revealed high-grade mineralization, with assays up to 458.39 g/t Au, supporting the presence of visible gold in quartz veins. The company continues to focus on extracting ultra high-grade mineralized material to optimize its mining operations.
More about Mt Malcolm Mines NL
Mt Malcolm Mines NL is an exploration and mining company that focuses on gold recovery using innovative methods such as wet gravity recovery. The company is actively engaged in mineral extraction at the Golden Crown Prospect, aiming to optimize metallurgy and mining parameters for high-grade gold production.
YTD Price Performance: -30.0%
Average Trading Volume: 467,413
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.76M
See more data about M2M stock on TipRanks’ Stock Analysis page.
