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Black Bear Minerals Limited (ASX:BKB)

ALERT: Price-sensitive ASX Announcement for BKB
Current share price for BKB : $0.490 -0.17 (-25.76%)+
Announcement
Release
13 May 2026 8:17AM
Price at Release
$0.660
Full Release
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Summary
Black Bear Minerals Limited has announced an updated Mineral Resource Estimate (MRE) for their Independence Project in Nevada, which has increased to a combined 2.2 million ounces of gold equivalent (AuEq). This includes a high-grade skarn resource exceeding 1 million ounces at 6.3 grams per tonne of gold and a 1.2 million ounce AuEq from-surface epithermal resource. The project demonstrates significant growth potential with mineral domains open along strike and at depth. The 2026 update represents an increase of 815,900 ounces since the 2025 Maiden MRE. The company's recent drilling has focused on extending the epithermal resource, which has seen a notable increase in ounces due to extensional drilling and updated geological work.
Key Points
  • Independence Project MRE increased to 2.2 million ounces AuEq.
  • Includes high-grade skarn resource of over 1 million ounces at 6.3g/t Au.
  • Epithermal resource increased to 1.2 million ounces AuEq.
  • 2026 update shows 815,900 ounces increase from 2025 Maiden MRE.
  • Ongoing drilling aims to further extend resource and optimize mineral extraction.
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.