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Metal Bank Limited (ASX:MBK)

ALERT: Price-sensitive ASX Announcement for MBK
Current share price for MBK : $0.012 0 (0%)+
Announcement
Release
30 Jul 2026 9:39AM
Price at Release
$0.012
Full Release
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Summary
Metal Bank Limited announced the lodging of a Mining Lease Application for the Kingsley gold deposit at the Livingstone Project in Western Australia. The Kingsley deposit, which is part of a joint venture with Trillbar Resources Pty Ltd, holds a JORC 2012 Mineral Resource Estimate of 1.68 million tonnes at 1.35 grams per tonne of gold for 73,000 ounces of inferred gold. Historical test work shows an impressive 93.8% average recovery rate. This application is a strategic move towards Metal Bank's goal of becoming a near-term gold producer. The Kingsley deposit presents significant opportunities due to its proximity to Imi Fabi’s Mt Seabrook operations, which might allow for shared facilities. The deposit features shallow mineralisation extending over a 900-meter strike length, currently open in both northern and southern directions and extending from the surface to at least 120 meters depth.
Key Points
  • Metal Bank Limited lodged a Mining Lease Application for the Kingsley gold deposit at the Livingstone Project in Western Australia.
  • The Kingsley deposit hosts a JORC 2012 Mineral Resource Estimate of 1.68Mt at 1.35g/t Au for 73,000oz Au (Inferred).
  • Previous metallurgical test work indicates a 93.8% average recovery rate for gold.
  • The Kingsley deposit is part of a joint venture with Trillbar Resources Pty Ltd.
  • The application is a step towards Metal Bank becoming a near-term gold producer.
  • The Kingsley deposit is close to Imi Fabi’s Mt Seabrook operations, offering potential for facility sharing.
  • The deposit features shallow mineralisation extending over a 900m strike length, open to the north and south, and extending from surface to 120m depth.
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.