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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
25 Jun 2026 9:21AM
Price at Release
$0.001
Full Release
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Summary
Mantle Minerals Limited announced its acquisition of Far West Metals Ltd, expanding its Carlton Hill Project with the tenement E80/6134, located adjacent to Mantle's existing tenement in the Bonaparte Basin. This acquisition enhances Mantle's exploration potential in a region known for its base metal and silver deposits, akin to Boab Metals Limited's Sorby Hills deposit. The acquisition includes a nominal purchase cost and the assumption of a $250,000 loan at a discounted buyout. The grant of Exploration Licence E80/6170 by the Western Australian Department of Mines now enables Mantle to commence detailed on-ground exploration activities, focusing on discovering additional carbonate-hosted mineralization. This strategic move consolidates Mantle’s position in a highly prospective geological setting.
Key Points
  • Mantle Minerals Limited acquires 100% of Far West Metals Ltd.
  • Acquisition includes tenement E80/6134, expanding Carlton Hill Project.
  • Project located near Sorby Hills, known for lead-zinc-silver deposits.
  • Exploration Licence E80/6170 granted, enabling exploration activities.
  • Nominal acquisition cost of $300 and assumption of $250,000 loan.
  • Focus on discovering additional carbonate-hosted mineralization.
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.