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Maverick Minerals Australia Ltd (ASX:M96)

ALERT: Price-sensitive ASX Announcement for M96
Current share price for M96 : $0.005 -0.003 (-37.50%)+
Announcement
Release
25 Aug 2026 8:04AM
Price at Release
$0.008
Full Release
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Summary
Maverick Minerals Australia Ltd conducted a high-resolution airborne geophysical survey at their Viper Project in the West Arunta Province, Western Australia. This survey used 50m line spacing for magnetic, radiometric, and digital elevation model data. The results, merged with GSWA regional data, sharpened the geological and structural resolution and revealed potential drilling targets in the under-explored region. The survey identified three priority target areas for further exploration, including ground gravity surveys, to refine target geometry and support drill targeting. These targets are based on conceptual exploration models focusing on carbonatite-hosted rare earth elements, iron oxide copper-gold systems, and structurally controlled mineral systems. The company plans to integrate upcoming gravity survey results with existing data to advance exploration efforts.
Key Points
  • High-resolution airborne geophysical survey completed at Viper Project.
  • Survey used 50m line spacing for better geological resolution.
  • Data merged with GSWA regional data to identify potential drilling targets.
  • Three priority areas identified for ground-based exploration.
  • Exploration models include carbonatite-hosted REE, IOCG, and gold systems.
  • Atlas Geophysics engaged for ground gravity surveys.
  • Data integration to guide further exploration and drill target definition.
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.