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Mantle Minerals Limited (ASX:MTL)

ALERT: Price-sensitive ASX Announcement for MTL
Current share price for MTL : $0.001 0 (0%)+
Announcement
Release
30 Jan 2026 8:22AM
Price at Release
$0.001
Full Release
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Summary
Mantle Minerals Limited has provided its quarterly activities and cash flow report for the period ending 31 December 2025. The company highlighted its exploration activities at the Yule River Project, where it identified eleven priority targets for potential VHMS, orogenic gold, and magmatic nickel-copper-PGE systems. A leading target, YR1, was supported by historical drilling data indicating gold and VHMS-style alteration. The company also progressed with data review and target prioritization at the Pardoo Project, notable for the Highway Nickel Deposit. Financially, Mantle Minerals reported a decrease in cash equivalents, net cash used in operating activities, and a return of capital to shareholders. The company ended the quarter with cash and cash equivalents totaling $5,743,000.
Key Points
  • Identified eleven priority exploration targets at Yule River Project.
  • Targets include VHMS, orogenic gold, and magmatic nickel-copper-PGE systems.
  • YR1 is the highest-priority VHMS target with supporting historical drilling data.
  • Continued data review and target prioritization at Pardoo Project.
  • Reported net cash used in operating activities of $288,000.
  • Cash and cash equivalents totaled $5,743,000 at quarter end.
  • Progressed return of capital to shareholders.
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.