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Minerals Exploration Limited (ASX:MEX)

ALERT: Price-sensitive ASX Announcement for MEX
Current share price for MEX : $0.058 -0.152 (-72.38%)+
Release
12 Feb 2026 9:36AM
Price at Release
$0.210
Full Release
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Summary
Minerals Exploration Limited (MEX), focused on New Zealand gold assets, has released promising drilling results from its Scotia and Jubilee Gold Projects. The Scotia project, identified in October 2025, revealed significant gold mineralization with the TGW002A hole uncovering a high-grade interval of 3.5m at 5.02g/t Au. Follow-up drilling aims to explore potential feeder structures at depth. Meanwhile, the Jubilee project's ongoing drilling seeks to extend known ore bodies from historical mines, prioritizing high-grade targets identified by the technical team. Additional sampling around the Jubilee vein returned high-grade assays, underscoring the area's prospectivity.
Key Points
  • Significant mineralization found at Scotia project with high-grade interval.
  • TGW002A hole confirmed wide low-grade mineralization at Scotia.
  • Jubilee drilling targets extensions of historical high-grade ore bodies.
  • New rock chip assays indicate high prospectivity at Jubilee and Scotia.
  • Company prioritizes drilling based on historical data and surface observations.
  • Focus on identifying potential feeder structures at Scotia.
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.