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Megado Minerals Limited (ASX:MEG)
ALERT: Price-sensitive ASX Announcement for MEG
Current share price for MEG : $0.016 0.001 (6.67%)+
Release
2 Jun 2026 8:26AM
Price at Release
$0.015
Full Release
Summary
Megado Minerals Limited is advancing its Iberian Copper Project in northern Spain with a scheduled maiden drilling program targeting historic copper mines. The focus is on the Mina Emilia copper oxide deposit, with plans to drill six to nine diamond holes, and an Induced Polarisation (IP) survey to explore potential copper sulphides. The aeromagnetic survey has been completed, and stream sediment surveys have successfully highlighted zones of mineralisation. The company is preparing a targeted exploration program for the second half of 2026.
Key Points
- Megado's maiden drill program at the Iberian Copper Project is set for June.
- The drilling targets historic Mina Emilia copper oxide and its extensions.
- An IP-resistivity survey is underway to identify copper sulphides.
- Aeromagnetic and stream sediment surveys highlight prospective zones.
- Planned exploration activities for 2H 2026 include a targeted program submission.
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.
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