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Marvel Gold Limited (ASX:MVL)

ALERT: Price-sensitive ASX Announcement for MVL
Current share price for MVL : $0.012 -0.005 (-29.41%)+
Announcement
Release
30 Oct 2025 12:45PM
Price at Release
$0.017
Full Release
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Summary
During the quarter ended 30 September 2025, Marvel Gold Limited focused on the Hanang Gold Project located in the Iramba-Sekenke Greenstone Belt of Tanzania. Key activities included the completion of Hanang's acquisition following regulatory approvals, expansion of the landholding from 230 km² to 380 km², and identification of a 3 km gold anomaly at the Sophia target. Soil geochemistry results from 3,367 samples revealed multiple coherent gold-in-soil anomalies. The company also finalised a tender for a drone-borne magnetic survey to support maiden drill targeting. Marvel disposed of its shareholding in Evolution Energy Minerals Limited and maintained a cash balance of $4.505 million. The company continues to manage its exploration assets in Mali.
Key Points
  • Completion of Hanang Gold Project acquisition after receiving regulatory approvals.
  • Expansion of landholding at Hanang from 230 km² to 380 km².
  • Identification of a 3 km gold anomaly at the Sophia target.
  • Completion of soil geochemistry analysis with 3,367 samples confirming multiple gold anomalies.
  • Finalised tender for a drone-borne magnetic survey.
  • Disposal of shareholding in Evolution Energy Minerals Limited.
  • Cash balance at the end of the quarter was $4.505 million.
  • Continued management of exploration assets in Mali.
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.