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Liberty Metals Ltd (ASX:LIB)

ALERT: Price-sensitive ASX Announcement for LIB
Current share price for LIB : $0.005 0.003 (100%)+
Announcement
Release
12 Aug 2026 9:57AM
Price at Release
$0.003
Full Release
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Summary
Liberty Metals Ltd has announced a significant acquisition in the Oko North and Oko South Gold Projects located in Guyana's prolific Oko district, which is recognized for its rapidly emerging status as a major new gold camp. The company has secured a 90% interest through a four-year option agreement over a vast area comprising 40 granted mining permits, spanning approximately 44,288 acres in the Cuyuni Mining District. This strategic move is backed by a $5 million share placement aimed at funding exploration and development activities. The project area is situated within the Barama-Mazaruni greenstone belt of the Guiana Shield, known for its extension of the Birimian Greenstone Belt, which historically hosts world-class gold deposits. Liberty plans to initiate a comprehensive exploration program including geological mapping, geochemical sampling, and subsequent drilling to capitalize on the district's potential, which is underscored by significant recent gold discoveries totaling approximately 9.3 million ounces in the region.
Key Points
  • Liberty Metals acquires 90% interest in Oko North and Oko South Gold Projects.
  • Located in Guyana's Cuyuni Mining District, part of the Oko gold district.
  • Acquisition involves 40 granted mining permits over 44,288 acres.
  • Projects are within the Barama-Mazaruni greenstone belt of the Guiana Shield.
  • The Oko district has rapidly emerged as a major new gold camp with significant discoveries.
  • A $5 million share placement will fund exploration activities.
  • Initial exploration includes data compilation, geological mapping, and geochemical sampling.
  • Fieldwork is anticipated to begin shortly, with a focus on defining drill targets.
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.