Metal Bank Limited ( (AU:MBK) ) has issued an update.
Metal Bank Limited has announced a significant 73% increase in the gold resource at its Livingstone project in Western Australia, bringing the total to 2.81 million tonnes at 1.36g/t gold for 122.6 thousand ounces. This expansion enhances the project’s attractiveness to regional processing facilities and provides a solid foundation for future growth, with potential for further resource expansion due to undrilled higher-grade shoots. The company’s strategic focus includes advancing its copper plans in Saudi Arabia and Jordan while maximizing the value of its Australian assets.
More about Metal Bank Limited
Metal Bank Limited operates in the mining industry, focusing on gold exploration and development. The company is involved in projects in Australia, Saudi Arabia, and Jordan, with a notable emphasis on its Livingstone gold project in Western Australia.
YTD Price Performance: 13.33%
Average Trading Volume: 110,154
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.46M
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