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49 Metals Limited (ASX:49M)

ALERT: Price-sensitive ASX Announcement for 49M
Current share price for 49M : $0.093 -0.042 (-31.11%)+
Announcement
Release
20 May 2026 8:53AM
Price at Release
$0.135
Full Release
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Summary
49 Metals Limited (ASX:49M) announced the acquisition of eight additional patented mining claims at its Gold Mountain Project in Nevada, at no additional cost. These claims bolster the company's operational flexibility and development options, while integrating into the existing Gold Mountain Earn-In Agreement with Americas Gold Exploration Inc. The new claims, covering historical drilling sites and high-grade rock chip samples, aim to enhance the company's ability to efficiently explore extensions to known gold-silver mineralization. The project, situated in the Walker Lane structural belt, is a low-sulphidation epithermal gold-silver system and is expected to significantly benefit from these strategic additions.
Key Points
  • 49 Metals Limited added 8 new patented mining claims at Gold Mountain.
  • No additional consideration for the new claims.
  • Claims enhance access, operational flexibility, and development options.
  • Claims are part of an Earn-In Agreement with Americas Gold Exploration Inc.
  • Historical exploration includes significant gold and silver assay results.
  • The new claims strengthen tenure continuity and control of mineral rights.
  • Gold Mountain is a low-sulphidation epithermal gold-silver system.
  • The project is located in the Walker Lane structural and metallogenic belt.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.