InvestSMART

Skylark Minerals Limited (ASX:SKM)

ALERT: Price-sensitive ASX Announcement for SKM
Current share price for SKM : $0.290 0.045 (18.37%)+
Announcement
Release
22 Jun 2026 9:03AM
Price at Release
$0.245
Full Release
download
Summary
Skylark Minerals Limited has completed Phase One of its drilling and metallurgical testwork at the M'Basso Prospect, part of the Zaranou Project in Côte d'Ivoire. The results confirmed continuous gold mineralisation over a 750m strike, with potential for further expansion. The metallurgical testwork showed a high average gold extraction rate of 95% from both oxide and fresh samples, supporting a potentially simple and cost-effective processing pathway. Phase Two drilling has commenced, aiming to extend the mineralisation further and enhance the project's mineral resource base by the fourth quarter of 2026.
Key Points
  • Phase One drilling and metallurgical testwork completed at M'Basso.
  • 750m of mineralised strike confirmed with potential for expansion.
  • Average LeachWELL gold extraction of 95% achieved.
  • Phase Two drilling underway to extend mineralisation and update resource estimate by Q4 2026.
  • Metallurgical results indicate simple and cost-effective processing pathway.
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.