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M3 Mining Limited (ASX:M3M)

ALERT: Price-sensitive ASX Announcement for M3M
Current share price for M3M : $0.027 -0.012 (-30.77%)+
Announcement
Release
31 Oct 2025 2:12PM
Price at Release
$0.039
Full Release
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Summary
M3 Mining Limited provided an update on its corporate and exploration activities for the quarter ending 30 September 2025. The company is focused on exploring orogenic gold deposits at its Edjudina Project and sedimentary-hosted copper deposits at its Victoria Bore Project, both in Western Australia. During the quarter, M3 Mining raised $2.25 million through a share placement to fund exploration activities. The funds will be used for geophysical surveys, regional aircore drilling, and further drilling at the El Capitan prospect. A heritage agreement is also being progressed at the Edjudina Project. The company ended the quarter with approximately $650,000 in cash, with plans to continue funding operations through a recently approved Tranche 2 share placement. All resolutions were passed at a General Meeting with strong shareholder support.
Key Points
  • Quarterly activities report for the period ending 30 September 2025
  • Exploration at Edjudina and Victoria Bore Projects in Western Australia
  • Raised $2.25 million through share placement
  • Funds directed towards exploration activities and general working capital
  • Planning underway for aircore drilling at El Capitan prospect
  • Progress on heritage agreement at Edjudina Project
  • Cash balance of approximately $650,000 at quarter end
  • Tranche 2 placement approved at General Meeting
  • Strong shareholder support received
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.