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Mamba Exploration Limited (ASX:M24)

ALERT: Price-sensitive ASX Announcement for M24
Current share price for M24 : $0.018 -0.005 (-21.74%)+
Announcement
Release
29 Apr 2026 8:27AM
Price at Release
$0.023
Full Release
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Summary
Mamba Exploration Limited reported on its quarterly activities and cash flow for the quarter ending 31 March 2026. The company focused on exploration activities, notably the Meeka East Gold Project, where a significant soil sampling program was completed. This program, covering over 25 km², was conducted to identify potential gold anomalies. Assay results from the samples are anticipated soon, and these will inform a maiden drilling program. The company also completed the acquisition of a 70% interest in the Meeka East Gold Project and raised A$2 million through a share placement. Financially, Mamba had a cash balance of $898k at quarter-end, with net cash from operating activities reporting as a loss of $174k. Related party payments totaled $78k for the quarter.
Key Points
  • Completion of a soil sampling program at Meeka East Gold Project.
  • Acquisition of 70% interest in Meeka East Gold Project completed.
  • Shareholders approved a share placement raising A$2 million.
  • Cash balance at quarter-end was $898k with a net operating cash loss of $174k.
  • Related party payments totaled $78k for the quarter.
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.