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Minerals Exploration Limited (ASX:MEX)

ALERT: Price-sensitive ASX Announcement for MEX
Current share price for MEX : $0.054 -0.096 (-64%)+
Announcement
Release
24 Feb 2026 9:50AM
Price at Release
$0.150
Full Release
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Summary
Minerals Exploration Limited (MEX) has announced significant findings from the Invincible Gold Project located in New Zealand's Otago Goldfields. High-grade rock chip assays have returned results up to 49.7g/t Au, with visible gold in several samples. The project area, which covers 164.3 km2, includes the historic Invincible Gold Mine and shares geological features with other large deposits in the region. Although historical production grades reached up to 30g/t Au, no modern drilling has been conducted in the area. MEX plans to initiate new exploration programs, including stream sampling and soil surveys, ahead of a maiden drilling campaign to further explore the potential of this prospect.
Key Points
  • High-grade rock chip assays up to 49.7g/t Au at Invincible Gold Project.
  • The Invincible Gold Project covers 164.3 km2 including historic mines.
  • The area shares geological similarities with major gold deposits like Macraes and Bendigo-Ophir.
  • Historic production at Invincible Gold Mine graded up to 30g/t Au.
  • No modern drilling programs have been conducted at the Invincible Gold Project.
  • New exploration efforts will include stream and soil sampling ahead of a drilling campaign.
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.