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MB Gold Limited (ASX:MBG)

ALERT: Price-sensitive ASX Announcement for MBG
Current share price for MBG : $0.165 0.025 (17.86%)+
Announcement
Release
14 Jul 2026 8:38AM
Price at Release
$0.140
Full Release
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Summary
MB Gold Limited announced the discovery of a new gold zone at the Twin Veins East prospect of their Marble Bar Gold Project in the Pilbara region of Western Australia. This discovery was made possible through their maiden reverse circulation (RC) drill program that returned significant gold assay results. Notable results included 2m at 6.73 g/t Au with a high-grade section of 1m at 13.12 g/t Au. These results are promising as they suggest potential for additional gold-bearing shoots along the 1.5 km gold-in-soil anomaly. The company is preparing for Phase 2 drilling at the Razorback prospect and extensional drilling around Twin Veins and Douglas Find, supported by geophysical surveys that include Induced Polarisation and LiDAR. The comprehensive exploration strategy underpins their expectation for further high-grade discoveries.
Key Points
  • New gold zone discovered at Twin Veins East.
  • Significant assay results: 2m at 6.73 g/t Au with 1m at 13.12 g/t Au.
  • Potential for more gold-bearing shoots along a 1.5 km anomaly.
  • Preparations for Phase 2 drilling at Razorback and other prospects.
  • Use of advanced geophysical surveys including Induced Polarisation and LiDAR.
  • High-grade discoveries build upon existing geological models.
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.