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Marquee Resources Limited (ASX:MQR)

ALERT: Price-sensitive ASX Announcement for MQR
Current share price for MQR : $0.004 -0.001 (-20%)+
Announcement
Release
21 Aug 2026 9:35AM
Price at Release
$0.005
Full Release
download
Summary
Marquee Resources Limited has updated their exploration efforts at the West Spargoville Project in Western Australia. The company conducted a targeted field program that included ground-truthing and rock-chip sampling, refining the interpretation of spodumene-bearing pegmatites. The fieldwork identified several northeast-southwest striking, steep northwest-dipping pegmatites over a 1.5 km by 1.5 km area. Historical drilling in the area was deemed sub-optimal due to its orientation, potentially missing lithium-prospective trends. The collected samples have been submitted for analysis, and the results will be integrated into the geological database to redesign future drilling programs.
Key Points
  • 49 rock-chip samples were collected and submitted for analysis.
  • The fieldwork refined the geometric interpretation of the pegmatites.
  • The current drilling orientation was found to be suboptimal.
  • Historical drilling did not fully test lithium-prospective trends.
  • No new assay results are reported yet; analysis is ongoing.
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.