MetalsGrove Mining Ltd (ASX:MGA)

ALERT: Price-sensitive ASX Announcement for MGA

Current share price for MGA : $0.095 0.015 (18.75%)⁺

Announcement

MetalsGrove Expands its Footprint in Cote d Ivoir

Release

11 Dec 2025 9:41AM

Price at Release

$0.080

Full Release

Summary

MetalsGrove Mining Limited has expanded its gold exploration efforts in Côte d'Ivoire by entering into a joint venture with Stellar AfricaGold Inc. for the Zuénoula permit. This strategic acquisition complements three previous gold permits, extending MetalsGrove's exploration control to a total of 1,315 km² along a 75 km strike-length of the prospective Birimian greenstone belt. The Zuénoula permit, granted in April 2024, allows immediate exploration, with an initial soil sampling program to commence shortly. This expansion aims to identify and drill test gold trends within this mineral-rich region, leveraging a data-driven approach and local partnerships.

Key Points

MetalsGrove expands into Côte d'Ivoire with Zuénoula permit.
Zuénoula permit covers 395.78 km², part of a larger 1,315 km² control.
The acquisition creates a 75 km contiguous exploration corridor.
Exploration to start immediately, focusing on gold trends.
Joint venture with Stellar AfricaGold Inc. provides strategic advantages.
Initial soil sampling and subsequent drill testing planned.
MetalsGrove's methodical and data-driven exploration approach.

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.