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Megado Minerals Limited (ASX:MEG)
ALERT: Price-sensitive ASX Announcement for MEG
Current share price for MEG : $0.020 0.003 (17.65%)+
Announcement
Release
22 Jul 2026 8:32AM
Price at Release
$0.017
Full Release
Summary
Megado Minerals Limited is advancing its Alpartir Silver-Copper-Antimony Project in Northern Spain, which covers an area of 576 km2. The project involves acquiring an 80% interest, subject to shareholder approval. The area includes historical mine workings and targets high-grade Ag-Cu-Sb vein systems. Megado has conducted an aeromagnetic survey revealing significant exploration potential, with persistent anomalies indicating deeper geological structures. The company is focusing on expanding exploration and securing Investigation Permits to undertake substantial exploration activities including geophysics and drilling. This project represents an entry into a historically productive European district with exploration upside.
Key Points
- Megado to acquire 80% interest in Alpartir project
- Project covers 576 km2 with 8 permits
- Historical workings over 36 kilometers
- Targets high-grade Ag-Cu-Sb vein systems
- Aeromagnetic survey shows significant potential
- Focus on securing Investigation Permits
- Exploration includes geophysics and drilling
- Entry into historically productive European district
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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