Minerals Exploration Limited (ASX:MEX)

ALERT: Price-sensitive ASX Announcement for MEX

Current share price for MEX : $0.061 0.01 (19.61%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

27 Jul 2026 9:49AM

Price at Release

$0.051

Full Release

Summary

Minerals Exploration Limited reported on its activities for the quarter ending 30 June 2026, highlighting successful completion of the first phase of diamond drilling at the historic Jubilee Gold Mine, where significant quartz-mineralised zones were intersected. Drilling continues at Jubilee South focusing on shallower high-grade areas. The company identified high-grade gold mineralisation through rock chip sampling at Jubilee Creek, and completed an aeromagnetic survey over multiple gold prospects. Additionally, high-grade rock chip results were obtained from the Invincible Gold Mine, with plans for a drilling program. The company maintained cash reserves of $2.85 million, reported no mining development activities during the quarter, and announced the retirement of Director Peter J. Nightingale.

Key Points

Completed first phase of diamond drilling at Jubilee Gold Mine with significant quartz-mineralised zones.
Drilling at Jubilee South targeting shallower parts of the historic high-grade system.
High-grade gold mineralisation identified through rock chip sampling at Jubilee Creek.
Aeromagnetic drone survey and geochemical survey conducted over several gold prospects.
High-grade rock chip results obtained from Invincible Gold Mine; preparations for drilling underway.
Cash reserves stood at $2.85 million at the end of the quarter.
No mining development or production activities conducted during the quarter.
Retirement of Director Peter J. Nightingale announced.

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.