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Mt Malcolm Mines NL (ASX:M2M)

ALERT: Price-sensitive ASX Announcement for M2M
Current share price for M2M : $0.006 -0.002 (-20%)+
Announcement
Release
16 Jul 2026 8:49AM
Price at Release
$0.008
Full Release
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Summary
Mt Malcolm Mines NL is set to initiate a significant Reverse Circulation (RC) drilling program at the Golden Crown Prospect, part of the Malcolm Project in the Eastern Goldfields of Western Australia. This program aims to expand the maiden gold Mineral Resource Estimate (MRE) at Golden Crown by targeting both infill and extensional objectives through approximately 25 drill holes. The proposed drilling will focus on extending mineralisation beyond the current resource envelope and improving geological definition and grade confidence. High-priority extensional targets and previous high-grade intercepts provide a basis for potential resource growth. All necessary environmental permits are current, with drilling expected to commence soon.
Key Points
  • Preparations for next phase of RC drilling at Golden Crown Prospect.
  • Target to increase size and confidence of maiden MRE at Golden Crown.
  • Planned 2,000–2,500m infill and extensional RC drilling program.
  • Drilling to test extensions beyond current Mineral Resource envelope.
  • Shallow infill to improve geological definition and grade confidence.
  • High-priority extensional target over a 300m corridor.
  • Golden Crown hosts a Mineral Resource Estimate of 95.7 kt @ 1.50 g/t Au.
  • Existing resource open at depth and along strike.
  • All environmental permits are current; drilling to commence shortly.
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.