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MB Gold Limited (ASX:MBG)

ALERT: Price-sensitive ASX Announcement for MBG
Current share price for MBG : $0.175 0.04 (29.63%)+
Announcement
Release
3 Aug 2026 8:38AM
Price at Release
$0.135
Full Release
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Summary
MB Gold Limited has announced the results of a Dipole-Dipole Induced Polarisation (DDIP) survey at its Marble Bar Gold Project in the Pilbara region of Western Australia. The survey, co-funded by the Exploration Incentive Scheme (EIS), revealed multiple chargeability anomalies beneath existing gold prospects and within the Murphy Well Granite. Despite previous drilling encountering low-level gold anomalies, it did not effectively test a newly identified chargeability anomaly. The company plans to incorporate these findings with geochemical and geological data to prioritize high-priority drill targets, with Phase 2 RC drilling set to commence soon. The survey was completed by Moombarriga Geoscience with support from Newexco, aiming to explore broad areas of potential intrusive-related gold mineralization.
Key Points
  • DDIP survey completed at Marble Bar Gold Project.
  • Multiple chargeability anomalies identified.
  • Existing drilling did not test new chargeability anomaly.
  • Survey co-funded by EIS grant.
  • Phase 2 RC drilling at Twin Veins and Razorback to start soon.
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.