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MetalsGrove Mining Ltd (ASX:MGA)

ALERT: Price-sensitive ASX Announcement for MGA
Current share price for MGA : $0.105 0.046 (77.97%)+
Announcement
Release
23 Oct 2025 9:34AM
Price at Release
$0.059
Full Release
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Summary
MetalsGrove Mining Ltd's quarterly activities report for the period ending 30 September 2025 highlights significant progress in exploration activities in Côte d'Ivoire, West Africa. The company is actively working on three exploration permits located in a highly prospective gold region northeast of the Abujar gold mine. These permits cover a total area of 950 km² and are part of a joint venture with Générale des Mines et Carrières S.A.R.L. The report also notes the appointment of Peter Ledwidge as Chair, following his role as a Non-Executive Director, bringing valuable regional expertise. Financially, the company ended the quarter with a cash position of approximately $1.033 million and reported exploration expenditure of $44,000. MetalsGrove aims to enhance its footprint in West Africa and is poised to commence a technically driven exploration program once permits are granted.
Key Points
  • MetalsGrove is advancing exploration permits in Côte d'Ivoire.
  • The permits are located near the Abujar gold mine.
  • Peter Ledwidge appointed as Chair, bringing extensive regional experience.
  • Cash position stands at $1.033 million.
  • Exploration expenditure for the quarter was $44,000.
  • The company is focused on expanding its West African exploration strategy.
  • Joint venture with Générale des Mines et Carrières S.A.R.L.
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.