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Minerals Exploration Limited (ASX:MEX)

ALERT: Price-sensitive ASX Announcement for MEX
Current share price for MEX : $0.040 -0.017 (-29.82%)+
Announcement
Release
10 Aug 2026 9:23AM
Price at Release
$0.057
Full Release
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Summary
Minerals Exploration Limited reported significant high-grade assay results from rock chip samples at the Glenorchy Tungsten Project, Otago, New Zealand. Rock chip sampling from the historical State Mine and Davidsons Mine delivered notable gold and tungsten grades, indicating the presence of tungsten-rich material in the area. The company plans to initiate its first drilling program at Davidsons Mine by Q4 2026, pending exploration permits and regulatory consents. The Invincible Gold - Glenorchy Tungsten Project shares key geological features with large gold deposits in the Otago Goldfields, suggesting potential for commercial-scale deposits. Further exploration will focus on geological mapping and drill-target definition.
Key Points
  • High-grade rock chip assay results were obtained from the Glenorchy Tungsten Project.
  • State Mine samples showed results up to 37.4 g/t Au and 1.82% W.
  • Davidsons Mine samples returned up to 2.63% W and 0.45 g/t Au.
  • The assays confirm tungsten-rich materials in the Glenorchy scheelite field.
  • Plans are underway for a drilling program at Davidsons Mine in Q4 2026.
  • The Glenorchy Tungsten Project shares geological features with other major gold deposits in the Otago Goldfields.
  • The project area includes historical workings and unexplored potential for tungsten and gold.
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.