InvestSMART

Mammoth Minerals Limited (ASX:M79)

ALERT: Price-sensitive ASX Announcement for M79
Current share price for M79 : $0.034 -0.033 (-49.25%)+
Announcement
Release
15 May 2026 8:25AM
Price at Release
$0.067
Full Release
download
Summary
Mammoth Minerals Limited (ASX: M79) reports promising exploration results from the Excelsior Springs Project in Nevada, highlighting significant growth potential for gold, silver, and critical minerals. Recent drilling and surface sampling results at the Buster Gold Trend and Blue Dick Prospect reveal high-grade mineralized trends, enhancing the project's exploration upside. The company is finalizing data for a maiden Mineral Resource Estimate and Exploration Target, expected in Q3 2026, with ongoing exploration to unlock further potential across a 7km mineralized corridor. Mammoth aims to systematically explore and expand its resource portfolio through strategic acquisitions and exploration programs in high-potential regions, reinforcing its growth strategy in the Americas.
Key Points
  • Exploration results show high-grade gold and silver mineralization.
  • Blue Dick sampling defines multiple high-grade mineral trends.
  • Buster Gold Trend drilling supports a Carlin-type deposit model.
  • Mammoth finalizing data for a Mineral Resource Estimate.
  • Strategic acquisitions enhance Mammoth's growth in Nevada.
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.