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MetalsGrove Mining Ltd (ASX:MGA)

ALERT: Price-sensitive ASX Announcement for MGA
Current share price for MGA : $0.094 -0.006 (-6%)+
Announcement
Release
25 May 2026 8:13AM
Price at Release
$0.100
Full Release
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Summary
MetalsGrove Mining Ltd (ASX: MGA) has identified 18km of combined multiple gold-anomalous trends at its Zuénoula Permit in Côte d'Ivoire. The exploration identified three major prospect areas: Fifty-Five Prospect with a 9km trend, Central Prospect with a 4km trend, and Konezra Prospect with a 5km trend. The company has been conducting a broad-spaced soil sampling program and plans an auger drilling program during the wet season. The aim is to refine drill targets ahead of anticipated drilling in the dry season. Soil sampling and assay results are ongoing, with further targets expected to be defined by October 2026. The exploration activities aim to leverage the strategic positioning of the permits amidst significant regional gold-producing belts.
Key Points
  • 18km gold-anomalous trends identified at Zuénoula Permit.
  • Prospects include Fifty-Five, Central, and Konezra.
  • Planned auger drilling during the wet season.
  • Drilling expected to begin in the dry season after defining targets.
  • Ongoing soil sampling and assay results.
  • Strategic permit location within significant gold belts.
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.