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MB Gold Limited (ASX:MBG)

ALERT: Price-sensitive ASX Announcement for MBG
Current share price for MBG : $0.200 0.065 (48.15%)+
Announcement
Release
29 Jul 2026 4:42PM
Price at Release
$0.135
Full Release
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Summary
MB Gold Limited reported on its activities for the quarter ending 30 June 2026, highlighting the completion of a 6,000-meter Reverse Circulation drill program at its Marble Bar Gold Project in Western Australia. The company received promising assay results from the Twin Veins Prospect, suggesting significant gold potential. Additionally, MB Gold secured a $100,000 co-funding grant for a geophysical survey and terminated a 0.75% net smelter royalty with First Au Limited. The cash position at the end of the quarter was $5.96 million, and the company issued performance rights to align management and staff interests with strategic objectives. The report also included a detailed Appendix 5B cash flow statement, indicating net cash used in operating activities was $1.314 million.
Key Points
  • Completion of 6,000-meter Reverse Circulation drill program
  • Encouraging assay results from Twin Veins Prospect
  • Secured $100,000 co-funding grant for geophysical survey
  • Termination of 0.75% net smelter royalty with First Au Limited
  • Cash position of $5.96 million at quarter end
  • Issued performance rights to align interests with strategic objectives
  • Appendix 5B cash flow statement shows $1.314 million used in operating activities
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.