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Mamba Exploration Limited (ASX:M24)

ALERT: Price-sensitive ASX Announcement for M24
Current share price for M24 : $0.053 0.035 (194.44%)+
Release
27 Jul 2026 8:25AM
Price at Release
$0.018
Full Release
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Summary
Mamba Exploration Limited released its quarterly activities and cash flow report for the period ending 30 June 2026. The company reported a cash position of $1.2 million at the end of the quarter, after raising capital and engaging in various exploration activities. Key developments include a planned 50-hole Reverse Circulation drilling program at the Meeka East Gold Project, subject to heritage and regulatory approvals. Mamba also entered into a Tenement Sale Agreement to acquire interest in three prospecting licences, extending its exploration territory. Financial activities included a net cash inflow from financing activities of $900,000, while a net decrease in cash of $140,000 was reported from operating activities. Related party payments totaled $106,000, and exploration and evaluation expenditure capitalized during the quarter was $254,000. The report also detailed Mamba's various mining tenements and their status across different regions in Western Australia.
Key Points
  • Cash position at end of quarter: $1.2 million
  • Planned 50-hole Reverse Circulation drilling program at Meeka East Gold Project
  • Tenement Sale Agreement for three prospecting licences
  • Net cash inflow from financing activities: $900,000
  • Net decrease in cash from operating activities: $140,000
  • Related party payments: $106,000
  • Exploration and evaluation expenditure capitalized: $254,000
  • Details of various mining tenements in Western Australia
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.