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Maritana Minerals Limited (ASX:MRT)
ALERT: Price-sensitive ASX Announcement for MRT
Current share price for MRT : $0.630 -0.025 (-3.82%)+
Announcement
Release
25 Jun 2026 8:14AM
Price at Release
$0.655
Full Release
Summary
Maritana Minerals Limited has initiated a significant resource conversion drilling program, which involves approximately 60,000 meters of drilling across four projects: Boorara, Coote, Gordons Dam, and Crake. This initiative aims to upgrade existing Mineral Resources from Inferred to Indicated classification, enhancing mine planning and extending the Life of Mine (LOM) for the Black Swan Processing Hub. The program is fully funded, and further drilling efforts will focus on resource extension opportunities, progressing only upon demonstrating meaningful results. Managing Director and CEO, Grant Haywood, emphasized the program's role in de-risking mine planning and ensuring value-accretive opportunities for future cash flow.
Key Points
- Resource conversion drilling program spans 60,000 meters.
- Projects involved: Boorara, Coote, Gordons Dam, Crake.
- Aim to upgrade resources from Inferred to Indicated classification.
- Supports mine planning for Black Swan Processing Hub.
- Program fully funded, with focus on resource extension opportunities.
- Drilling outcomes must demonstrate meaningful results for progression.
- First Reverse Circulation rig has commenced at Boorara.
- CEO Grant Haywood highlights de-risking and value-focused approach.
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.
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