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Minerals Exploration Limited (ASX:MEX)

ALERT: Price-sensitive ASX Announcement for MEX
Current share price for MEX : $0.051 -0.001 (-1.92%)+
Announcement
Release
20 Jul 2026 9:07AM
Price at Release
$0.052
Full Release
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Summary
Minerals Exploration Limited is advancing exploration at the Jubilee South and Sovereign Gold Prospects within the Waitekauri Gold Project in New Zealand. The company has completed two out of four planned diamond drill holes at Jubilee South, with the remaining to be completed soon. The drilling targets the high-grade gold system historically mined in the area. At the Sovereign Gold Prospect, historical data reveals significant high-grade assays, and priority drill targets have been identified for further exploration. The company is finalizing a diamond drilling program to explore the high-grade zones at the Sovereign, aiming to close the gap between high-grade intersections at Jubilee and Sovereign, leveraging historical underground sampling results. Minerals Exploration Limited holds a 100% interest in the project through its subsidiary Otagold Ltd NZ.
Key Points
  • Drilling continues at Jubilee South targeting high-grade gold systems.
  • Waitekauri Gold Project is located near major gold deposits in New Zealand.
  • Historical data at Sovereign Gold Prospect shows significant high-grade assays.
  • Priority drill targets identified at Sovereign for exploration.
  • Minerals Exploration Limited owns 100% of the project through Otagold Ltd NZ.
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.