InvestSMART

Maritana Minerals Limited (ASX:MRT)

ALERT: Price-sensitive ASX Announcement for MRT
Current share price for MRT : $0.640 -0.085 (-11.72%)+
Announcement
Release
19 May 2026 9:28AM
Price at Release
$0.725
Full Release
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Summary
Accelerate Resources Limited (ASX: AX8) has executed a deal with Maritana Minerals Limited (ASX: MRT) to acquire Maritana's Balagundi tenure and divest non-core Kanowna East ground. This strategic transaction expands Accelerate's Balagundi landholding by approximately 80%, adding approximately 600 meters of the Delta Trend's strike and strengthening the company's exposure to a broader mineralized system. The transaction, which includes a net increase of $200,000 in MRT shares with no cash outlay, will also see Accelerate benefit from an existing Land Use Agreement and a toll-treatment pathway at Maritana's Black Swan facility. Upon completion, AX8 plans to integrate the new tenure into its exploration plans at Balagundi.
Key Points
  • Accelerate Resources acquires Maritana's Balagundi tenure.
  • Divestment of non-core Kanowna East ground.
  • Balagundi landholding expanded by 80%.
  • Addition of a 600m strike extension of the Delta Trend.
  • AX8 receives $200,000 in MRT shares.
  • Existing Land Use Agreement improves land access.
  • Black Swan toll-treatment pathway established.
  • Strategic move strengthens mineral exposure.
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.