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Ines Scotland, Executive Chair
Building a multi-project gold and copper company
Metal Bank Limited is an ASX-listed minerals exploration company (ASX: MBK) holding a significant portfolio of advanced gold and copper exploration projects with substantial growth upside, with a proven team, led by Ines Scotland, committed to building a gold and copper company.
MBK’s project include:
• the advanced Livingstone Gold Project (MBK 75%) in a world class gold area near Meekathara in WA, with existing resources, multiple prospects and potential for significant expansion; and
• the Millennium Copper & Cobalt project (MBK earning 80%) holding high grade, shallow resources with significant potential for expansion, on granted Mining Leases and near processing solutions in the Mt Isa region of Qld;
• the 8 Mile, Wild Irishman and Eidsvold Gold projects in South East Queensland with drill-proven high grade vein-style and bulk tonnage intrusion-related Au mineralisation.
Metal Bank’s experienced and proven team is focussed on:
• identifying additional mineralisation at each of its projects; and
• short term resource growth - advancing existing projects to substantially increase JORC Resources;
• assessing development potential and including fast tracking projects through feasibility and development to production.
Metal Bank is also committed to a strategy of diversification and growth through identification of new exploration opportunities which complement its existing portfolio and pursuit of other opportunities to diversify the Company’s assets through acquisition of advanced projects or cash-flow generating assets to assist with funding of the exploration portfolio.
MBK's current phase 2 exploration and drilling programs at the Livingstone gold project in WA and the Millenium copper/cobalt project in QLD are targeting resource growth and exploration discovery at both projects after successful phase 1 campaigns earlier this year.
2022 drilling at the Millennium copper/cobalt project in Qld is aimed at almost doubling the existing JORC Resource of 5.9Mt @ 1.08% CuEq. The resource is shallow, on existing mining leases and close to processing solutions.
2022 drilling at the advanced Livingstone gold project seeks to double the strike length of the existing Kinglsey resource, test the Livingstone North prospect with extensive Au-in soil anomalies, historical mining and high-grade drilling intersections; and drill test other advanced and regional targets.
Corporate overview and latest updates on Metal Bank's copper, cobalt and gold Projects
Initial reconnaissance exploration activities underway across Malaqa and Wadi Araba project areas
MBK has entered into two agreements with MEMR granting exclusive rights in Jordan
Substantial Resource tonnage and grade increases for near term critical mineral project
Shallow resources with significant potential for further exploration success and resource growth
Agreed to provide the Company with an unsecured loan facility of A$2 million on commercial terms
Recent diamond drilling assays confirmed high cobalt grades
Metal Bank advises that it has made a A$1.5m milestone payment to Kingston Resources Limited
17% increase in the Crawford Gold Mineral Resource Estimate (MRE)
First pass exploration drilling at Stanley prospect hits shallow gold mineralisation
Results support multiple parallel mineralized loads at Livingstone North
Higher grade zones are located 300m east of the Kingsley Gold Resource
Remaining RC and diamond drilling assays received
First diamond drilling assays received, new RC drilling results and geophysics program completed
First Gold assays from the prospect in Western Australia return up to 14.10g/t Au
50 holes for 3,336m of Phase 2 drilling have been completed at Livingstone
High Grade Gold intercepted 750m East of the Kingsley Resource
Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Quarterly Activities Report - For the Quarter ended 30 June 2022
Millennium Exploration Update - Early Assays Received
Exploration update - Phase 1 Drilling completed
Exploration update - Drilling at Livingstone Au and Millennium Cu-Co-Au projects underway
Inés Scotland points to explorer's similarities to Citadel
More rigs available if needed to help junior speed up maiden JORC resource estimate
Junior triumphant after making substantial progress with its exploration program in 2017
Queensland gold project building up to resource in mid-2018
High-grade gold results point to large-scale bulk tonnage potential
Suite 506, Level 5, 50 Clarence St, Sydney NSW 2000
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