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MB Gold Limited (ASX:MBG)

ALERT: Price-sensitive ASX Announcement for MBG
Current share price for MBG : $0.135 -0.065 (-32.50%)+
Announcement
Release
18 May 2026 9:49AM
Price at Release
$0.200
Full Release
download
Summary
MB Gold Limited has successfully completed a heritage survey at its Razorback Prospect within the Marble Bar Gold Project in Western Australia, conducted with the Nyamal Traditional Owners. The termination of a 0.75% net smelter royalty held by First Au Limited over several tenements, including Razorback, has been agreed upon in exchange for MB Gold shares valued at A$50,000. This move aligns with MB Gold's commitment to heritage protection and sets the stage for further exploration, including a 6,000-metre Reverse Circulation drill program planned for August/September 2026.
Key Points
  • Heritage survey completed at Razorback Prospect by Nyamal Traditional Owners.
  • 0.75% net smelter royalty terminated over several tenements for MB Gold shares.
  • Termination agreement involves MB Gold issuing A$50,000 worth of shares to First Au Limited.
  • Future plans include a 6,000-metre Reverse Circulation drill program in August/September 2026.
  • Commitment to heritage protection and exploration advancement at Marble Bar Gold Project.
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.