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MetalsGrove Mining Ltd (ASX:MGA)
ALERT: Price-sensitive ASX Announcement for MGA
Current share price for MGA : $0.096 0.015 (18.52%)+
Announcement
Release
16 Dec 2025 8:15AM
Price at Release
$0.081
Full Release
Summary
MetalsGrove Mining Ltd has announced the grant of the Vavoua permit, part of their joint venture gold exploration projects in central-west Côte d’Ivoire. Covering an area of 378.25 km², this permit is strategically situated near significant gold deposits and is part of a larger 1315 km² area that includes the Vavoua West and Zuénoula permits. The region is known for its high potential for gold mineralization, supported by geological surveys and aeromagnetic data. An initial soil sampling program is set to commence, focusing on identifying gold trends within the permit. This marks a significant step in MetalsGrove's exploration strategy in the highly prospective Birimian greenstone belt.
Key Points
- Vavoua permit is one of four JV gold permits in Côte d’Ivoire granted to MetalsGrove.
- The permit covers 378.25 km², strategically located near the Abujar gold mine.
- Initial soil sampling program to begin after completion on Zuénoula permit.
- High potential for significant gold discoveries supported by geological data.
- MetalsGrove aims to identify gold trends for future extensive sampling and testing.
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.
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