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MB Gold Limited (ASX:MBG)

ALERT: Price-sensitive ASX Announcement for MBG
Current share price for MBG : $0.140 -0.06 (-30%)+
Announcement
Release
29 Apr 2026 9:36AM
Price at Release
$0.200
Full Release
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Summary
MB Gold Limited reported on its activities for the quarter ending 31 March 2026, focusing on its operations in the Marble Bar region, Pilbara, Western Australia. The company successfully listed on the ASX following an oversubscribed IPO, raising $9 million. Significant progress was made with the signing of a Heritage Protection Agreement with the Nyamal Aboriginal Corporation, ensuring local heritage considerations are integrated into their exploration activities. The company initiated an extensive exploration program, including a planned 6,000-meter Reverse Circulation drill at high-priority sites Twin Veins and Douglas Find. The cash position stood at $7.5 million at the end of the quarter. The exploration and evaluation expenses were substantially less than planned, reflecting a variance against the prospectus. A total of $34,000 was paid in related party transactions for directors’ remuneration. No mining development or production activities occurred during this period.
Key Points
  • Successful listing on ASX with an oversubscribed IPO.
  • Heritage Protection Agreement signed with Nyamal Aboriginal Corporation.
  • Maiden exploration program initiated in Marble Bar region.
  • End of quarter cash position at $7.5 million.
  • Significant exploration expenses variance against the prospectus.
  • Focus on Twin Veins and Douglas Find prospects in exploration program.
  • No mining development or production activities conducted in the quarter.
  • Appointment of Daniel Coletta as Company Secretary and CFO.
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.