InvestSMART

Mt Malcolm Mines NL (ASX:M2M)

ALERT: Price-sensitive ASX Announcement for M2M
Current share price for M2M : $0.007 -0.009 (-56.25%)+
Announcement
Release
28 Jan 2026 12:43PM
Price at Release
$0.016
Full Release
download
Summary
Mt Malcolm Mines NL's quarterly activities report for the period ending 31 December 2025 highlights significant developments, including strategic asset acquisitions and successful fundraising efforts. The company acquired major components of a 500,000 TPA Carbon-in-Leach gold processing plant in the Leonora district, which is expected to offer near-term cashflow opportunities. The processing mill acquisition is aligned with M2M's strategy to exploit potential exploration successes. An oversubscribed renounceable rights issue raised $3.05 million to support M2M’s growth strategy. Exploration activities at the Picnic South prospect yielded consistent surface gold mineralization across a 700m strike corridor, enhancing the prospects for future resource delineation.
Key Points
  • Acquisition of 500,000 TPA Carbon-in-Leach gold processing plant components.
  • Potential for near-term cashflow through toll milling.
  • Successful renounceable rights issue raising $3.05 million.
  • Continued exploration success at Picnic South prospect.
  • Significant gold mineralization results in multiple drilling programs.
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.