InvestSMART

Mount Hope Mining Limited (ASX:MHM)

ALERT: Price-sensitive ASX Announcement for MHM
Current share price for MHM : $0.155 0.02 (14.81%)+
Announcement
Release
30 Jul 2026 9:09AM
Price at Release
$0.135
Full Release
download
Summary
Mount Hope Mining Limited, an Australian exploration company, reported significant progress in its June 2026 quarterly report. The company expanded its strategic tenement position with the grant of EL9906 in Cobar, NSW, consolidating a total landholding of 626 km² within the Cobar Basin. The report highlights successful Phase 2 drilling at the Mt Solitary project, yielding high-grade gold results, such as 6m at 17.9 g/t Au. The first metallurgical study confirmed an average gold solubility of 88% across 234 samples, supporting the project's processing potential. The company appointed R.W. Corkery & Co to lead the Environmental Baseline and EIS Readiness Program, preparing for future development. With upcoming Phase 3 drilling and planning for a maiden JORC Mineral Resource estimate, Mount Hope is strategically positioned for further exploration and development.
Key Points
  • Mount Hope Mining expanded its tenement position with a new exploration licence in Cobar Basin.
  • Phase 2 drilling at Mt Solitary showed high-grade gold intercepts.
  • Metallurgical testing indicated 88% gold solubility.
  • Environmental Baseline and EIS Readiness Program initiated.
  • Phase 3 drilling and JORC Mineral Resource estimate planning are underway.
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.