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Maritana Minerals Limited (ASX:MRT)

ALERT: Price-sensitive ASX Announcement for MRT
Current share price for MRT : $0.650 -0.185 (-22.16%)+
Announcement
Release
14 May 2026 8:19AM
Price at Release
$0.835
Full Release
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Summary
Maritana Minerals Limited has announced the commencement of its Phase 2 drilling program at the Burbanks Gold Project in Western Australia. This follows a successful 15,000-meter Phase 1 drilling campaign. Phase 2 aims to extend the Inferred Resource of the high-grade Burbanks Main and Birthday Gift Lodes from 250 meters to 450 meters below the surface. The program, which involves a second drilling rig, is designed to accelerate drilling and reduce startup risks for ore delivery to the Black Swan Processing Hub. Burbanks underground offers significant upside potential, not included in the Black Swan Processing Hub Scoping Study, with a targeted production of 100,000 ounces of gold annually over five years. The company will continue to update the market with results and plans further exploration in the area.
Key Points
  • Phase 2 drilling underway at Burbanks following successful Phase 1.
  • Second rig mobilised to site to accelerate drilling.
  • Phase 2 designed to extend Inferred Resource from 250m to 450m depth.
  • Burbanks underground offers significant potential not included in Black Swan Processing Hub Study.
  • Targeted production of 100,000 ounces of gold annually over five years.
  • Company to update market with Phase 2 assay results.
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.