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Mt Malcolm Mines NL ( (AU:M2M) ) has provided an announcement.
Mt Malcolm Mines NL reported a transformative December 2025 quarter marked by the acquisition of major components of a 500,000 tonne-per-annum carbon-in-leach gold processing plant and associated infrastructure in the Leonora district, which is sized to process ore from its prospects and could support toll milling opportunities once refurbished and commissioned. The company also completed an oversubscribed renounceable rights issue raising $3.05 million before costs to fund its growth strategy, while infill reverse-circulation drilling at the Picnic South prospect confirmed consistent, continuous near-surface gold mineralisation over a 700-metre strike, collectively strengthening its path toward accelerated project development and potential cash generation.
The most recent analyst rating on (AU:M2M) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Mt Malcolm Mines NL stock, see the AU:M2M Stock Forecast page.
More about Mt Malcolm Mines NL
Mt Malcolm Mines NL is an Australian gold exploration and development company focused on its flagship Malcolm Project in the Leonora district of Western Australia. The company is targeting near-surface gold deposits and is positioning itself to move up the value chain by combining exploration success with in-house processing capacity to capture more of the gold value and potentially generate near-term cash flow.
Average Trading Volume: 2,229,627
Technical Sentiment Signal: Sell
Current Market Cap: A$8.78M
See more data about M2M stock on TipRanks’ Stock Analysis page.