View ValuationM3 Mining 将来の成長Future 基準チェック /06現在、 M3 Miningの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Metals and Mining 収益成長15.1%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • Feb 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (149% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.06m market cap, or US$4.31m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change).New Risk • Nov 15New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 149% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (149% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.10m market cap, or US$4.64m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change).お知らせ • Nov 13M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.25 million.M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.25 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 12,500,000 Price\Range: AUD 0.018 Discount Per Security: AUD 0.00108 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 112,500,000 Price\Range: AUD 0.018 Discount Per Security: AUD 0.00108 Transaction Features: Subsequent Direct Listingお知らせ • Sep 29M3 Mining Limited, Annual General Meeting, Nov 24, 2025M3 Mining Limited, Annual General Meeting, Nov 24, 2025.お知らせ • Sep 08M3 Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 2.25 million.M3 Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 2.25 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 12,500,000 Price\Range: AUD 0.018 Discount Per Security: AUD 0.00108 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 112,500,000 Price\Range: AUD 0.018 Discount Per Security: AUD 0.00108 Transaction Features: Subsequent Direct ListingNew Risk • Aug 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.51m market cap, or US$1.64m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (16% average weekly change).New Risk • Jun 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.35m market cap, or US$1.52m).お知らせ • May 29Jerboa Energy Ltd agreed to acquire M3 Energy Pty Ltd from M3 Mining Limited (ASX:M3M) for AUD 0.15 million.Jerboa Energy Ltd entered into an agreement to acquire M3 Energy Pty Ltd from M3 Mining Limited (ASX:M3M) for AUD 0.15 million on May 27, 2025. A cash consideration of AUD 0.01 million will be paid by Jerboa Energy Ltd. Jerboa Energy Ltd will pay an earnout/contingent payment of AUD 0.14 million cash. As part of consideration, AUD 0.15 million is paid towards common equity of M3 Energy Pty Ltd.お知らせ • Apr 08M3 Mining Limited Proposes to Remove Russell Davis, Simon Eley and Dermot O'keeffe as DirectorsM3 Mining Limited referred to the announcement lodged with ASX on 3 April 2025 titled "Notices Received Under Sections 203D and 249D" and advises that the Company has received revised notices dated 3 April 2025 and 4 April 2025 pursuant to sections 203D and 249D of the Corporations Act 2001 (Cth) (Corporations Act) executed by Stevsand Pty Ltd, Formica Investments Pty Ltd. and Stevsand Investments Pty Ltd. in respect of the convening of a general meeting of shareholders to consider proposed resolutions for the removal of Russell Davis, Simon Eley and Dermot O'Keeffe as directors of the Company, being all of the current directors other than Eddie King, along with any other director appointed between the date of the notice and the end of the meeting.New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.77m market cap, or US$1.67m).New Risk • Dec 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.85m market cap, or US$1.82m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).お知らせ • Sep 12M3 Mining Limited, Annual General Meeting, Nov 20, 2024M3 Mining Limited, Annual General Meeting, Nov 20, 2024.New Risk • Aug 01New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.19m market cap, or US$2.74m).お知らせ • Jul 29M3 Mining Limited Appoints Dermot O'keeffe as Non-Executive DirectorM3 Mining Limited announced the strategic appointment of Dermot O'Keeffe as non-executive director to advance with the Company's ambitions of securing a transformative energy project in CY2024. Dermot O'Keeffe has generously offered to join the board as a non-executive director on a no-fee basis unless and until the energy project is secured. Subject to shareholder approval, he will be eligible to participate in the Company's incentive scheme. Mr. O'Keeffe has 40 years' experience in the oil and gas industry working internationally for major oil and gas operators including Texaco, BP, Sun Oil, Shell, Woodside, Premier Oil and Ophir Energy. In 1999 Mr. O'Keeffe founded IPS (Australasia), a professional services firm providing engineering, management and operational solutions to exploration, appraisal and development drilling and completion projects in Australia, Africa and Southeast Asia in onshore, offshore and deep-water operations. In 2011, IPS was acquired by the Norwegian group Add Energy, and Dermot worked as the COO for Add Energy until 2019 when he left to pursue other interests. Mr. O'Keeffe has recently been appointed as Chief Operating Officer for Noble Helium. Mr. O'Keeffe has a Bachelor of Science (BSc) in Engineering Geology from the University of Newcastle upon Tyne (UK), a Master of Science (MSc) and Diploma of Imperial College (DIC) in Petroleum Engineering from the Royal School of Mines, Imperial College (UK) and has completed an Executive Master of Business Administration (EMBA) from the Australian Graduate School of Management. His professional accreditations include: Chartered Engineer (UK). Member of the Institute of Materials Minerals and Mining (UK). Fellow of the Institute of Engineers Australia.お知らせ • Jul 24M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.867758 million.M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.867758 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 11,748,326 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 23,974,613 Price\Range: AUD 0.045 Discount Per Security: AUD 0.0027 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,400,000 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Transaction Features: Reserved Share Offering; Subsequent Direct ListingNew Risk • Jun 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$3.29m market cap, or US$2.19m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding).New Risk • Feb 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$3.45m market cap, or US$2.25m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).お知らせ • Feb 06M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.2347 million.M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.2347 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 11,748,326 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 25,496,661 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Transaction Features: Subsequent Direct Listingお知らせ • Aug 16M3 Mining Limited, Annual General Meeting, Oct 10, 2023M3 Mining Limited, Annual General Meeting, Oct 10, 2023. Agenda: To consider the re-election and appointment of directors.お知らせ • Jan 20M3 Mining Limited Provides an Update on the Recently Completed RC Drilling Program at the Victoria Bore Copper ProjectM3 Mining Limited provided an update on the recently completed RC drilling program at the Victoria Bore Copper Project (Victoria Bore or the Project), located in the Pilbara region of Western Australia, approximately 120km south of Onslow, WA. Three holes, totalling 607m were drilled in October 2022, 1,000m to the northwest of the historic Victoria Bore mine. All holes were targeting strong EM conductors, and each was successfully intercepted. Trace base metal occurrences were encountered in all holes which expands the footprint of known mineralisation surrounding the historic Victoria Bore mine a further 400m to the northwest to a total strike of 1,250m. Previously announced geophysical targets have been effectively tested and are now known to be coincident with a graphitic shale. VBRC012 was designed to test the strong anomaly detected by the SQUID Fixed-loop EM (FLEM) survey undertaken last year. Several graphite packages were intersected between 185 225m with remaining stratigraphy consistent with previous drilling which consisted of variably altered meta-sediments. Base metal highlights downhole, include 7m at 1.3g/t Ag, 162ppm Pb and 497ppm Zn from 284m. The Downhole EM (DHEM) survey identified three conductive zones that aligned with intersected graphite, the combined conductance or `stacking effect' sufficiently explains the source of the previously identified SQUID FLEM target. VBRC013 was designed to test a trend to the west that was detected by the SQUID FLEM survey along with a coincident magnetic anomaly. The hole intersected meta-sediments and multiple quartzite bands. The DHEM survey detected spikes that surrounded the quartzite which is believed to have caused a `channelling effect' which is what the SQUID FLEM has detected. The magnetic responses were only associated with meta-sediments with slightly higher iron content, thus downgrading the importance of the magnetic target. What cannot be explained by the DHEM survey is the 0.1% Cu interval encountered from 146-147m downhole along with the other fourteen separate metre-wide intervals that returned > 200ppm Cu. This mineralisation was intercepted in a trend 200m to the west of all previous holes and represents a new separate mineral occurrence. VBRC014 was designed to test the strongly conductive off-hole target detected in a prior DHEM survey. The target plate was intercepted and is consistent with the logged intervals of graphite similarly encountered in VBRC012. The previously detected DHEM response is believed to have been caused by a `current-channelling effect' that has falsely amplified the conductive response. All three targets are sufficiently tested for base metals from a geophysical perspective, however, a model explaining the mineralization in all holes and the wider area is still yet to be determined. This will be the focus of future work as an external consultant group are engaged to analyse all previously collected data. The group will also be reviewing the recently obtained aeromagnetic and radiometric data to identify regional targets over the entire tenement package. The graphite in VBRC012 could be the same unit as seen in VBRC014, 440m away along an adjoining NNW conductive trend. Studies are underway to determine specific properties of the graphite, including flake size and mineral nature. If the analysis is encouraging, the 1,400m long conductive trend represents an exciting exploration corridor for further drilling. The Company encourages readers to take into consideration the early nature of these exploration results. Investigations into mineral content and flake size determination are yet to be completed.お知らせ • Dec 22M3 Mining Limited Provides Update on the Recently Completed Maiden AC Drilling Program At the Edjudina Gold ProjectM3 Mining Limited provided an update on the recently completed maiden AC drilling program at the Edjudina Gold Project (Edjudina or the Project), located in the Eastern Goldfields, approximately 150km northeast of Kalgoorlie, WA. Edjudina Gold Project Drilling Summary: A total of 7,826m of AC drilling was completed by Raglan Drilling in September 2022. A total of 119 holes were drilled across six of the nine prospects at the Project. The program was successful in uncovering and confirming primary gold mineralisation that warrants further work. The prospects drilled have a much deeper weathering profile than previously thought. The average hole depth was 66m, eleven holes exceeded 100m depth with the deepest hole drilled being 145m. The deeper weathering profile is encouraging for a geological system that has undergone strong alteration and deformation; an indicator for a potentially large mineralised system. All holes were inclined and drilled until drill-bit refusal. Hole spacing varied from 25m - 80m and line spacing varied from 60m - 200m. Sampling for gold was undertaken in four metre composites downhole, except at the bottom of each hole where variable composites were taken to achieve a one metre sample for the last metre drilled. The bottom of hole sample was assayed for gold in addition to 60-element analysis in order to provide the company with a detailed geochemical dataset of the drilled prospects. The best results from this initial drilling program were recorded at the Jump Up 1 prospect, where drilling was designed to follow-up a historical intercept of 2m at 5.69 g/t Au from 37m in drill hole JURB093. Results confirmed the historical intercept and outlined the presence of a 1.2km long northwest striking gold system that is open both along strike and depth. The Jump Up 1 prospect contains a sequence of NW-SE striking volcanic and intrusive mafic units to the east with a narrow metasedimentary unit to the west intercepted on the two northernmost lines. Mineralisation occurs within a sheared mafic volcanic unit, interpreted to be a basalt. The higher-grade zones are associated with chlorite-carbonate-sericite alteration and minor disseminated sulphides. There is also a lesser zone of mineralisation associated with the contact between the basalt and the metasedimentary unit. This style of mineralisation was encountered in all four drill lines at Jump Up 1 which increases the confidence of success in further drill programs. In addition to current and historical high-grade intercepts at Jump Up 1, there has also been extensive soil sampling completed in the past by other parties around Jump Up 1 that indicate an additional 2.5km gold-in-soils anomaly continues to the southeast along strike from where the recent drilling was completed. Three further prospects (Jump Up 2 - 4) were initially planned to be drilled, however, due to limited availability of the AC drilling rig these were not drilled in the September program. These prospects are associated with historical soil anomalies and will be drilled in the next phase of AC drilling at Edjudina. Edjudina Gold Project Drilling Summary (continued): The Rainbow and Rainbow North prospects are located 7km and 12km respectively to the northeast from the Jump Up prospects. These targets were identified by previous geochemical soil sampling and ground magnetic surveys. The drilling at Rainbow North ?L H2 & 3, and Rainbow 2 was completed over the centers of previously announced gold-in-soils anomalies and along strike to the northwest of Legacy Iron Ore's Golden Rainbow deposit. The lines drilled intercepted a mixed group of sediments and volcaniclastic material, mainly metamorphosed siltstones and sandstones with varying degrees of interbedded tuff. At these three prospects, notable intercepts include; 4m at 0.32 g/t Au from 36m (EDJAC001) and 16m at 0.13 g/t Au from 60m (EDJAC043). The Company is currently reviewing the multi-element data from bottom of hole and may decide to follow up these intercepts with RC drilling to test continuation of mineralisation. The remaining prospects drilled - Rainbow North 1 and Rainbow 1 - were to the east of the other Rainbow prospects and intercepted varying compositions of a fine-grained felsic mica schist. These prospects were also targeting gold-in-soil anomalism, however, in a geological zone that has never previously been drill tested. Only minor gold mineralisation (Au < 0.1 g/t) was encountered over these two prospects with a significant intercept of 4m at 0.05 g/t Au from 8m (EDJAC050). Next Steps: The Company is planning follow-up RC and AC drilling - the Jump Up 1 prospect being the number one priority. RC drilling will be able to determine the continuation of mineralisation at depth which AC drilling was not able to discern due to drill depth limitations. It will also provide the Company with a greater detail of structural knowledge on the trend of mineralisation. AC drilling will test the remaining prospects at Jump Up that were not drilled in the previous program due to rig availability. These prospects are a high priority for the Company as they are each centred over untested historical gold-in-soils anomalies and could represent zones of new mineralisation. AC drilling will also test extensions to mineralisation at Jump Up 1 to the southeast along a historically sampled 2.5km gold-in-soil anomaly. The follow-up drill programs are planned for the new year and is subject to DMIRS approval. M3 Mining will update shareholders as the project advances.お知らせ • Nov 22M3 Mining Limited Receives All Outstanding Data from the Recently Completed Airborne Magnetic and Radiometric Survey At the Victoria Bore Copper ProjectM3 Mining Limited announced that it has received all outstanding data from the recently completed airborne magnetic and radiometric survey at the Victoria Bore Copper Project. The survey has succeeded in providing the company with the necessary information to develop a better understanding of the regional geology in and around the Project. This will assist in developing a structural framework to explain historic base-metal occurrences along with regional anomalies. Detailed analysis of the magnetic and radiometric data is due to be completed by external consultants and interpretation along with regional targeting is expected to be received prior to year- end. The Company is still awaiting assays for the recently completed reverse circulation drilling campaign completed at the Project and will inform shareholders upon receipt of results.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Eddie King was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 21M3 Mining Limited Announces the Commencement of the Follow-Up RC Drilling Program at the Victoria Bore Copper ProjectM3 Mining Limited announced the commencement of the follow-up RC drilling program at the Victoria Bore Copper Project (Victoria Bore or the Project) approximately 115km south of Onslow. The follow-up RC drilling program at Victoria Bore has commenced with Strike Drilling engaged to test multiple targets generated by the recent SQUID FLEM survey conducted earlier this year. The main target of this program is the "high priority anomaly" unit identified by the SQUID FLEM survey to the north of previous RC drilling where M3 Mining intersected graphitic shale as well as disseminated sulphides. This unit retuned conductivity readings of approximately 5,000 Siemens (S) which is over 20 times that of the surrounding graphitic shale (250S). The Company will also test the highly conductive (30,000S) plate to the SSE of the larger target as well as a weaker anomaly to the SSW of the anomaly. Given the elevated conductivity readings, proximal to high copper grades from the nearby historic mine and the ability to differentiate from the previously intersected graphitic shale, M3 Mining is very keen to understand and drill test the geology that may be the source of these historic, high- grade supergene ore bodies that were mined around the 1950's. The RC drilling program is expected to take about a week for a maximum of 1,300m. The company has also completed the initial phase of the maiden AC drilling at Edjudina. A total of 7,825m over 119 holes across six of the nine areas targeted were completed by Raglan Drilling. The drilling depths were generally deeper than expected and, subject to results, M3 Mining expects to return to Edjudina in the coming months to drill the remainder of the holes in this initial program. The initial phase of this AC drilling program at Edjudina has tested six of nine high priority targets.お知らせ • Oct 12M3 Mining Provides Victoria Bore UpdateM3 Mining Limited advised that an airborne magnetic and radiometric survey has been completed at the Victoria Bore Copper Project. The survey is expected to provide a quality high-resolution dataset for the Company to use to improve the definition of the known magnetic anomalies as well as improve its understanding of the regional geology and structural framework of the project area. The survey was completed this week by MagSpec Airborne Surveys and interpretation of the results is expected to be received in November. Additionally, RC drilling of previously identified highly conductive EM targets is scheduled to commence this month, with drill pads being prepared this week in anticipation of drilling commencing within the following fortnight.お知らせ • Sep 28M3 Mining Limited Expands Strategic Footprint At EdjudinaM3 Mining Limited advised that it has made applications for two exploration licences in the Edjudina area. The Company has been working with a party in relation to making these exploration licence applications and has also agreed to acquire a prospecting licence (P31/2131) from this party which is east of the exploration licence applications. The Company has agreed to issue 285,714 shares and pay $15,000 in relation to these new tenements. The expanded portfolio improves the Company's ground position at the Edjudina Gold Project (Edjudina). The Company is very pleased to have been able to secure this additional tenure, subject to grant, in a key strategic area with active exploration underway and ongoing consolidation by competitors and majors. This acquisition and applications complement M3 Mining's dual track strategy of building upon the Company's existing portfolio and assessing and evaluating additional strategic acquisition opportunities.お知らせ • Sep 22M3 Mining Limited, Annual General Meeting, Nov 18, 2022M3 Mining Limited, Annual General Meeting, Nov 18, 2022.お知らせ • Sep 12M3 Mining Commences Maiden Drilling Program At EdjudinaM3 Mining Limited announced the commencement of its maiden air-core drilling program at its Edjudina Gold Project (Edjudina or the Project) 140km northeast of Kalgoorlie, WA. A maiden drilling program at the Edjudina Gold Project has commenced with M3 Mining looking to test nine high priority targets with approximately 5,000m to 10,000m of air-core drilling. Three prospects within the program are designed to target a significant anomaly along strike of the resource located on tenure held by joint venture between Legacy Iron and Cazaly. This anomaly is considered largely untested by shallow, wide spaced RAB drilling, despite being immediately adjacent to mineralisation. The air-core drilling will additionally test M3M's interpretation that known principle mineralised structures continue on the Company's tenements, highlighted by the results of the Sub-Audio Magnetic (SAM) Survey completed in December 2021. Two additional targets to the east, generated from pathfinder elements following the soil sampling exercise will also be drill tested in this maiden drilling program. Subject to results from this initial program, M3 Mining anticipates planning an RC drilling program to test the priority targets generated by the air-core drilling program. M3 Mining will update the market when it receives results from this air-core drilling program at Edjudina.お知らせ • Jul 28M3 Mining Limited Discovers Strong Em Conductor At Victoria BoreM3 Mining Limited provided an update on the Victoria Bore Copper Project (Victoria Bore or the Project), located approximately 115km South of Onslow. In June 2022, a Fixed Loop Electromagnetic geophysical survey was completed over the highly prospective Victoria Bore area. The survey utilised SQUID sensor technology in order to delineate conductivity beneath the previously intersected shale. It was successful in identifying the presence of a strong conductor on the northern boundary of the survey. The newly identified conductor coincides with a termination structure interpreted from government magnetics data. It is an order of magnitude stronger than the anomalies previously intersected by drilling at the Victoria Bore mine. The EM response of this zone is interpreted to represent an accumulation of semi-massive to massive sulphides, potentially associated with base metal mineralisation. GAP Geophysics were engaged to complete a Fixed Loop Electromagnetic (FLEM) geophysical survey using two large-scale loops (600m x 400m), utilising highly sensitive equipment over the Victoria Bore area. The survey lines were spaced at 100m, and stations spaced at 50m along the lines. The survey comprised of 280 individual station readings across a total of 13.2km. The FLEM survey was designed considering the presence of the previously intersected, weakly conductive shale. By offsetting the transmitter loops and using the specialised SQUID sensor, the survey was able to identify strong conductive bodies in close proximity to the shale. Plate modelling reveals that the shale unit has a conductive level of 250 Siemens whilst the highly conductive target reads at 5,000S. Three response channels have been used in the interpretation. Channel 10 shows the early-time response and outlines the linear trend of the weakly conductive shale unit over the entire survey length. Channel 25 shows a medium-time response and indicates that the shale EM response increases in strength towards the north, due to higher conductivity and/or thickening. Lastly, Channel 35 shows the late-time response which is where the strong conductive body is highlighted on the northern boundary of the survey. Confirmation from the consultant geophysicist indicates that it is unlikely that a continuous shale could change conductivity levels from 250S to 5,000S over a distance of 400m. It is more likely that the strong conductor represents a discrete separate conductive body. The conductive source detected on the northern limit of the survey remains open to the north and trends adjacent to the NNW trending shale unit. It may be associated with an accumulation of semi- massive to massive sulphides. The presence of base metals in the Project area increases the chance of the new target hosting base metal mineralisation. The new target aligns with the northern extent of a NW trending magnetic anomaly present in government magnetics data. The magnetic trend appears to be terminated by a regional scale structure that is interpreted to trend approximately north-east. The combination of an interpreted regional scale structure, highly conductive body and regionally anomalous Cu, Pb, Zn and Ag is very encouraging for the discovery of a significant base metals deposit. The EM anomaly is located 400m north of VBRC001 which targeted a historical MLEM anomaly. At the planned target depth, VBRC001 intersected mostly shale as well as disseminated sulphides. Subsequently, a DHEM survey detected a discrete off-hole target up-dip to the east which could be a southern continuation of the highly conductive SQUID FLEM target.お知らせ • Jul 05M3 Mining Limited Provides an Update on the Geochemical Soil Sampling Program At the Edjudina Gold ProjectM3 Mining Limited provided an update on the geochemical soil sampling program completed recently at the Edjudina Gold Project (Edjudina or the Project), located approximately 150km northeast of Kalgoorlie, WA. Soil samples were collected over a combined strike length of 9,000m and covered sections of M3 Mining's eastern tenements of Edjudina. Samples were collected at 50m spacing on lines spaced 200m to 400m apart. The program was successful in identifying the continuation of the gold anomalous trends that coincide with known gold mineralization to the south, as well as key pathfinder elements including As, Sb, S, Ba, Mn, and Zn which are strongly associated with the anomalous gold zones. Many gold occurrences in the region coincide with the presence of arsenic such as Northern Star's Carosue Dam Operations, and its presence in this round of soil sampling is a positive development. The results are highly encouraging, and analysis of the data has generated high-priority targets that will be tested in the companies upcoming maiden drilling program. A total of 1,399 soil samples were collected from the Project's eastern tenements covering a total area of 1,804 hectares. The lines were spaced 200m apart along the main Yilgangi mineralization trend and 400m apart towards the borders of the tenements. Along each line, the samples were spaced at 50m. The samples were assayed with aqua regia and analyzed via ICP-MS. Numerous gold trend anomalies have been identified that are generally associated with elevated arsenic levels. The most significant gold anomaly is situated in the western portion of E 31/1140 and is 3,000m long within the tenement. This anomaly is a northern extension of gold mineralization intercepted in Legacy Iron Ore and Cazaly's JV tenement. This area also has a clear Na-As-S-Cu-Zn anomaly and is associated with north-south breaks cutting a north-north-west trending sub-audio magnetics (SAM) survey anomaly. This anomaly represents a walk-up drill target and will be tested in the planned drill program. Historically, only very few RAB holes have been drilled but the effectiveness of these drill programs may have been reduced due to regolith dispersion and broad hole spacing. In the north-eastern corner of E 31/1140 elevated gold, barium, manganese, and zinc anomalism occurs within a felsic volcanic unit. This wider area has not been previously drilled and will be tested for the first time in M3 Mining's maiden drilling program. This area is considered a high priority target. When looking at mineralization equivalents, the previously completed SAM survey indicates North- South structures similar to Carosue Dam and the geochemical signatures from the program also indicate coincident anomalism. At a regional scale, the geology is showing linear features which is common in the Eastern Goldfields. It is interesting to note that the targeted areas identified from anomalous gold in soils roughly correspond to the intersecting west-northwest breaks as seen in figure four. The Company is planning to conduct its maiden drill program to test the targets identified in the recent soils program and also to test the wider mineralization potential across the broader tenement package in Third Quarter CY2022 as scheduled. The maiden campaign will consist of 5,000 - 10,000m of air core drilling which will cover multiple prospects and provide the company with the information required to prioritize the second round of drilling.お知らせ • May 26M3 Mining Limited Provides Exploration UpdateM3 Mining Limited provided an update on the company's ongoing exploration activities. Chair Russell Davis accompanied newly appointed consultant geologist Ziggy Lubieniecki, competent person Jeremy Clark and M3 Mining geologist Austin Gow on a site visit of the Edjudina Gold Project tenements to assess historic workings and map previous geological interpretations. The site visit to the Company's prospective tenements indicate that favorable trends from historic gold prospects to the south continue north on to the company's ground. Of particular interest is the interpreted strike extension of the structure hosting the Yilgangi Queen mine which produced 35,000oz Au at an average grade of 25.9g/t whilst in operation between 1935 and 1982. The mine is still in operation now focusing on the higher-grade shoots which continue at depth. M3 Mining believes that magnetic trends along with mapped geological packages indicate that mineralisation from these prospects could continue into tenements E31/1140, P31/2113, E31/1141 and E31/1168. The company is expecting results from its recently completed soil sampling program early June that will assist in defining priority targets for the projects maiden drilling program which is expected to commence in third quarter of 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Eddie King was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 10M3 Mining Limited Announces Successful First Pass Exploration Drilling Results at the Victoria Bore Copper ProjectM3 Mining Limited announced successful first pass exploration drilling results at the Victoria Bore Copper Project, located approximately 130km southeast of Exmouth, WA. A total of 1,128m of reverse circulation (RC) drilling was completed by Strike Drilling in November 2021. Ten of the eleven holes completed intercepted copper and/or base metal mineralization and the DHEM survey completed post-drilling has identified several off-hole conductors that remain untested. The recent drilling indicates that Victoria Bore potentially hosts a large sulphidic system beneath the historically mined area which remains open along strike and at depth. The results illustrate certain areas of the system have encouraging levels of base metal mineralization. While the results warrant follow-up drill testing to delineate the extent of intercepted mineralization, the presence of elevated base metals calls for large-scale soil sampling across the tenement package to potentially identify new zones of base metal sulphide mineralization. Following this successful maiden exploration program, M3 will implement a systematic exploration program across the entire tenement package, which has never been undertaken and aim to provide a higher degree of geological understanding of this complex, but exciting area. Eleven inclined holes totaling 1,128m (VBRC001- VBRC011) with depth ranging from 52m to 250m were drilled at the Victoria Bore Copper Project in areas that have previously not been tested. The drill samples were sent to Jinning Testing & Inspection Laboratory for gold (Fire Assay) and multi-element 4-acid digest (34 elements). The multi-element assay results were assessed using IoGas and Micromine software. The drilling was targeting ground MLEM targets (T1 & T2) that were identified in 2012. The MLEM survey identified the targets as shallow, relatively strong late time conductors that could possibly be associated with copper mineralization. The drilling intersected both MLEM targets, confirming the presence of a large sulphide system at Victoria Bore, beneath the old workings in the fresh rock. The results confirm that T2 has elevated levels of copper, silver, lead, and zinc. The sulphide mineralization occurred between the contact of a felsic and mafic schist. Within the contact zone, interbedded graphitic shale and sediments were present with varying thickness intersected between holes.Board Change • Jul 29Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、M3 Mining は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測ASX:M3M - アナリストの将来予測と過去の財務データ ( )AUD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2025N/A-2-2-2N/A9/30/2025N/A-2-2-2N/A6/30/2025N/A-2-2-2N/A12/31/2024N/A-2-2-2N/A9/30/2024N/A-2-2-2N/A6/30/2024N/A-2-2-2N/A3/31/2024N/A-2-2-2N/A12/31/2023N/A-2-2-2N/A9/30/2023N/A-2-2-2N/A6/30/2023N/A-2-2-2N/A3/31/2023N/A-2-2-2N/A12/31/2022N/A-2-2-2N/A9/30/2022N/A-2-1-1N/A6/30/2022N/A-1-1-1N/A3/31/2022N/A-2-1-1N/A12/31/2021N/A-1-1-1N/A9/30/2021N/A-100N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: M3Mの予測収益成長が 貯蓄率 ( 3.6% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: M3Mの収益がAustralian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: M3Mの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: M3Mの収益がAustralian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: M3Mの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: M3Mの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 23:59終値2026/05/07 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋M3 Mining Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
New Risk • Feb 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (149% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.06m market cap, or US$4.31m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change).
New Risk • Nov 15New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 149% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (149% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.10m market cap, or US$4.64m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change).
お知らせ • Nov 13M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.25 million.M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.25 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 12,500,000 Price\Range: AUD 0.018 Discount Per Security: AUD 0.00108 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 112,500,000 Price\Range: AUD 0.018 Discount Per Security: AUD 0.00108 Transaction Features: Subsequent Direct Listing
お知らせ • Sep 29M3 Mining Limited, Annual General Meeting, Nov 24, 2025M3 Mining Limited, Annual General Meeting, Nov 24, 2025.
お知らせ • Sep 08M3 Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 2.25 million.M3 Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 2.25 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 12,500,000 Price\Range: AUD 0.018 Discount Per Security: AUD 0.00108 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 112,500,000 Price\Range: AUD 0.018 Discount Per Security: AUD 0.00108 Transaction Features: Subsequent Direct Listing
New Risk • Aug 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.51m market cap, or US$1.64m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (16% average weekly change).
New Risk • Jun 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.35m market cap, or US$1.52m).
お知らせ • May 29Jerboa Energy Ltd agreed to acquire M3 Energy Pty Ltd from M3 Mining Limited (ASX:M3M) for AUD 0.15 million.Jerboa Energy Ltd entered into an agreement to acquire M3 Energy Pty Ltd from M3 Mining Limited (ASX:M3M) for AUD 0.15 million on May 27, 2025. A cash consideration of AUD 0.01 million will be paid by Jerboa Energy Ltd. Jerboa Energy Ltd will pay an earnout/contingent payment of AUD 0.14 million cash. As part of consideration, AUD 0.15 million is paid towards common equity of M3 Energy Pty Ltd.
お知らせ • Apr 08M3 Mining Limited Proposes to Remove Russell Davis, Simon Eley and Dermot O'keeffe as DirectorsM3 Mining Limited referred to the announcement lodged with ASX on 3 April 2025 titled "Notices Received Under Sections 203D and 249D" and advises that the Company has received revised notices dated 3 April 2025 and 4 April 2025 pursuant to sections 203D and 249D of the Corporations Act 2001 (Cth) (Corporations Act) executed by Stevsand Pty Ltd, Formica Investments Pty Ltd. and Stevsand Investments Pty Ltd. in respect of the convening of a general meeting of shareholders to consider proposed resolutions for the removal of Russell Davis, Simon Eley and Dermot O'Keeffe as directors of the Company, being all of the current directors other than Eddie King, along with any other director appointed between the date of the notice and the end of the meeting.
New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.77m market cap, or US$1.67m).
New Risk • Dec 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.85m market cap, or US$1.82m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).
お知らせ • Sep 12M3 Mining Limited, Annual General Meeting, Nov 20, 2024M3 Mining Limited, Annual General Meeting, Nov 20, 2024.
New Risk • Aug 01New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.19m market cap, or US$2.74m).
お知らせ • Jul 29M3 Mining Limited Appoints Dermot O'keeffe as Non-Executive DirectorM3 Mining Limited announced the strategic appointment of Dermot O'Keeffe as non-executive director to advance with the Company's ambitions of securing a transformative energy project in CY2024. Dermot O'Keeffe has generously offered to join the board as a non-executive director on a no-fee basis unless and until the energy project is secured. Subject to shareholder approval, he will be eligible to participate in the Company's incentive scheme. Mr. O'Keeffe has 40 years' experience in the oil and gas industry working internationally for major oil and gas operators including Texaco, BP, Sun Oil, Shell, Woodside, Premier Oil and Ophir Energy. In 1999 Mr. O'Keeffe founded IPS (Australasia), a professional services firm providing engineering, management and operational solutions to exploration, appraisal and development drilling and completion projects in Australia, Africa and Southeast Asia in onshore, offshore and deep-water operations. In 2011, IPS was acquired by the Norwegian group Add Energy, and Dermot worked as the COO for Add Energy until 2019 when he left to pursue other interests. Mr. O'Keeffe has recently been appointed as Chief Operating Officer for Noble Helium. Mr. O'Keeffe has a Bachelor of Science (BSc) in Engineering Geology from the University of Newcastle upon Tyne (UK), a Master of Science (MSc) and Diploma of Imperial College (DIC) in Petroleum Engineering from the Royal School of Mines, Imperial College (UK) and has completed an Executive Master of Business Administration (EMBA) from the Australian Graduate School of Management. His professional accreditations include: Chartered Engineer (UK). Member of the Institute of Materials Minerals and Mining (UK). Fellow of the Institute of Engineers Australia.
お知らせ • Jul 24M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.867758 million.M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.867758 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 11,748,326 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 23,974,613 Price\Range: AUD 0.045 Discount Per Security: AUD 0.0027 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,400,000 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Transaction Features: Reserved Share Offering; Subsequent Direct Listing
New Risk • Jun 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$3.29m market cap, or US$2.19m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding).
New Risk • Feb 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$3.45m market cap, or US$2.25m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).
お知らせ • Feb 06M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.2347 million.M3 Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.2347 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 11,748,326 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 25,496,661 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Transaction Features: Subsequent Direct Listing
お知らせ • Aug 16M3 Mining Limited, Annual General Meeting, Oct 10, 2023M3 Mining Limited, Annual General Meeting, Oct 10, 2023. Agenda: To consider the re-election and appointment of directors.
お知らせ • Jan 20M3 Mining Limited Provides an Update on the Recently Completed RC Drilling Program at the Victoria Bore Copper ProjectM3 Mining Limited provided an update on the recently completed RC drilling program at the Victoria Bore Copper Project (Victoria Bore or the Project), located in the Pilbara region of Western Australia, approximately 120km south of Onslow, WA. Three holes, totalling 607m were drilled in October 2022, 1,000m to the northwest of the historic Victoria Bore mine. All holes were targeting strong EM conductors, and each was successfully intercepted. Trace base metal occurrences were encountered in all holes which expands the footprint of known mineralisation surrounding the historic Victoria Bore mine a further 400m to the northwest to a total strike of 1,250m. Previously announced geophysical targets have been effectively tested and are now known to be coincident with a graphitic shale. VBRC012 was designed to test the strong anomaly detected by the SQUID Fixed-loop EM (FLEM) survey undertaken last year. Several graphite packages were intersected between 185 225m with remaining stratigraphy consistent with previous drilling which consisted of variably altered meta-sediments. Base metal highlights downhole, include 7m at 1.3g/t Ag, 162ppm Pb and 497ppm Zn from 284m. The Downhole EM (DHEM) survey identified three conductive zones that aligned with intersected graphite, the combined conductance or `stacking effect' sufficiently explains the source of the previously identified SQUID FLEM target. VBRC013 was designed to test a trend to the west that was detected by the SQUID FLEM survey along with a coincident magnetic anomaly. The hole intersected meta-sediments and multiple quartzite bands. The DHEM survey detected spikes that surrounded the quartzite which is believed to have caused a `channelling effect' which is what the SQUID FLEM has detected. The magnetic responses were only associated with meta-sediments with slightly higher iron content, thus downgrading the importance of the magnetic target. What cannot be explained by the DHEM survey is the 0.1% Cu interval encountered from 146-147m downhole along with the other fourteen separate metre-wide intervals that returned > 200ppm Cu. This mineralisation was intercepted in a trend 200m to the west of all previous holes and represents a new separate mineral occurrence. VBRC014 was designed to test the strongly conductive off-hole target detected in a prior DHEM survey. The target plate was intercepted and is consistent with the logged intervals of graphite similarly encountered in VBRC012. The previously detected DHEM response is believed to have been caused by a `current-channelling effect' that has falsely amplified the conductive response. All three targets are sufficiently tested for base metals from a geophysical perspective, however, a model explaining the mineralization in all holes and the wider area is still yet to be determined. This will be the focus of future work as an external consultant group are engaged to analyse all previously collected data. The group will also be reviewing the recently obtained aeromagnetic and radiometric data to identify regional targets over the entire tenement package. The graphite in VBRC012 could be the same unit as seen in VBRC014, 440m away along an adjoining NNW conductive trend. Studies are underway to determine specific properties of the graphite, including flake size and mineral nature. If the analysis is encouraging, the 1,400m long conductive trend represents an exciting exploration corridor for further drilling. The Company encourages readers to take into consideration the early nature of these exploration results. Investigations into mineral content and flake size determination are yet to be completed.
お知らせ • Dec 22M3 Mining Limited Provides Update on the Recently Completed Maiden AC Drilling Program At the Edjudina Gold ProjectM3 Mining Limited provided an update on the recently completed maiden AC drilling program at the Edjudina Gold Project (Edjudina or the Project), located in the Eastern Goldfields, approximately 150km northeast of Kalgoorlie, WA. Edjudina Gold Project Drilling Summary: A total of 7,826m of AC drilling was completed by Raglan Drilling in September 2022. A total of 119 holes were drilled across six of the nine prospects at the Project. The program was successful in uncovering and confirming primary gold mineralisation that warrants further work. The prospects drilled have a much deeper weathering profile than previously thought. The average hole depth was 66m, eleven holes exceeded 100m depth with the deepest hole drilled being 145m. The deeper weathering profile is encouraging for a geological system that has undergone strong alteration and deformation; an indicator for a potentially large mineralised system. All holes were inclined and drilled until drill-bit refusal. Hole spacing varied from 25m - 80m and line spacing varied from 60m - 200m. Sampling for gold was undertaken in four metre composites downhole, except at the bottom of each hole where variable composites were taken to achieve a one metre sample for the last metre drilled. The bottom of hole sample was assayed for gold in addition to 60-element analysis in order to provide the company with a detailed geochemical dataset of the drilled prospects. The best results from this initial drilling program were recorded at the Jump Up 1 prospect, where drilling was designed to follow-up a historical intercept of 2m at 5.69 g/t Au from 37m in drill hole JURB093. Results confirmed the historical intercept and outlined the presence of a 1.2km long northwest striking gold system that is open both along strike and depth. The Jump Up 1 prospect contains a sequence of NW-SE striking volcanic and intrusive mafic units to the east with a narrow metasedimentary unit to the west intercepted on the two northernmost lines. Mineralisation occurs within a sheared mafic volcanic unit, interpreted to be a basalt. The higher-grade zones are associated with chlorite-carbonate-sericite alteration and minor disseminated sulphides. There is also a lesser zone of mineralisation associated with the contact between the basalt and the metasedimentary unit. This style of mineralisation was encountered in all four drill lines at Jump Up 1 which increases the confidence of success in further drill programs. In addition to current and historical high-grade intercepts at Jump Up 1, there has also been extensive soil sampling completed in the past by other parties around Jump Up 1 that indicate an additional 2.5km gold-in-soils anomaly continues to the southeast along strike from where the recent drilling was completed. Three further prospects (Jump Up 2 - 4) were initially planned to be drilled, however, due to limited availability of the AC drilling rig these were not drilled in the September program. These prospects are associated with historical soil anomalies and will be drilled in the next phase of AC drilling at Edjudina. Edjudina Gold Project Drilling Summary (continued): The Rainbow and Rainbow North prospects are located 7km and 12km respectively to the northeast from the Jump Up prospects. These targets were identified by previous geochemical soil sampling and ground magnetic surveys. The drilling at Rainbow North ?L H2 & 3, and Rainbow 2 was completed over the centers of previously announced gold-in-soils anomalies and along strike to the northwest of Legacy Iron Ore's Golden Rainbow deposit. The lines drilled intercepted a mixed group of sediments and volcaniclastic material, mainly metamorphosed siltstones and sandstones with varying degrees of interbedded tuff. At these three prospects, notable intercepts include; 4m at 0.32 g/t Au from 36m (EDJAC001) and 16m at 0.13 g/t Au from 60m (EDJAC043). The Company is currently reviewing the multi-element data from bottom of hole and may decide to follow up these intercepts with RC drilling to test continuation of mineralisation. The remaining prospects drilled - Rainbow North 1 and Rainbow 1 - were to the east of the other Rainbow prospects and intercepted varying compositions of a fine-grained felsic mica schist. These prospects were also targeting gold-in-soil anomalism, however, in a geological zone that has never previously been drill tested. Only minor gold mineralisation (Au < 0.1 g/t) was encountered over these two prospects with a significant intercept of 4m at 0.05 g/t Au from 8m (EDJAC050). Next Steps: The Company is planning follow-up RC and AC drilling - the Jump Up 1 prospect being the number one priority. RC drilling will be able to determine the continuation of mineralisation at depth which AC drilling was not able to discern due to drill depth limitations. It will also provide the Company with a greater detail of structural knowledge on the trend of mineralisation. AC drilling will test the remaining prospects at Jump Up that were not drilled in the previous program due to rig availability. These prospects are a high priority for the Company as they are each centred over untested historical gold-in-soils anomalies and could represent zones of new mineralisation. AC drilling will also test extensions to mineralisation at Jump Up 1 to the southeast along a historically sampled 2.5km gold-in-soil anomaly. The follow-up drill programs are planned for the new year and is subject to DMIRS approval. M3 Mining will update shareholders as the project advances.
お知らせ • Nov 22M3 Mining Limited Receives All Outstanding Data from the Recently Completed Airborne Magnetic and Radiometric Survey At the Victoria Bore Copper ProjectM3 Mining Limited announced that it has received all outstanding data from the recently completed airborne magnetic and radiometric survey at the Victoria Bore Copper Project. The survey has succeeded in providing the company with the necessary information to develop a better understanding of the regional geology in and around the Project. This will assist in developing a structural framework to explain historic base-metal occurrences along with regional anomalies. Detailed analysis of the magnetic and radiometric data is due to be completed by external consultants and interpretation along with regional targeting is expected to be received prior to year- end. The Company is still awaiting assays for the recently completed reverse circulation drilling campaign completed at the Project and will inform shareholders upon receipt of results.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Eddie King was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 21M3 Mining Limited Announces the Commencement of the Follow-Up RC Drilling Program at the Victoria Bore Copper ProjectM3 Mining Limited announced the commencement of the follow-up RC drilling program at the Victoria Bore Copper Project (Victoria Bore or the Project) approximately 115km south of Onslow. The follow-up RC drilling program at Victoria Bore has commenced with Strike Drilling engaged to test multiple targets generated by the recent SQUID FLEM survey conducted earlier this year. The main target of this program is the "high priority anomaly" unit identified by the SQUID FLEM survey to the north of previous RC drilling where M3 Mining intersected graphitic shale as well as disseminated sulphides. This unit retuned conductivity readings of approximately 5,000 Siemens (S) which is over 20 times that of the surrounding graphitic shale (250S). The Company will also test the highly conductive (30,000S) plate to the SSE of the larger target as well as a weaker anomaly to the SSW of the anomaly. Given the elevated conductivity readings, proximal to high copper grades from the nearby historic mine and the ability to differentiate from the previously intersected graphitic shale, M3 Mining is very keen to understand and drill test the geology that may be the source of these historic, high- grade supergene ore bodies that were mined around the 1950's. The RC drilling program is expected to take about a week for a maximum of 1,300m. The company has also completed the initial phase of the maiden AC drilling at Edjudina. A total of 7,825m over 119 holes across six of the nine areas targeted were completed by Raglan Drilling. The drilling depths were generally deeper than expected and, subject to results, M3 Mining expects to return to Edjudina in the coming months to drill the remainder of the holes in this initial program. The initial phase of this AC drilling program at Edjudina has tested six of nine high priority targets.
お知らせ • Oct 12M3 Mining Provides Victoria Bore UpdateM3 Mining Limited advised that an airborne magnetic and radiometric survey has been completed at the Victoria Bore Copper Project. The survey is expected to provide a quality high-resolution dataset for the Company to use to improve the definition of the known magnetic anomalies as well as improve its understanding of the regional geology and structural framework of the project area. The survey was completed this week by MagSpec Airborne Surveys and interpretation of the results is expected to be received in November. Additionally, RC drilling of previously identified highly conductive EM targets is scheduled to commence this month, with drill pads being prepared this week in anticipation of drilling commencing within the following fortnight.
お知らせ • Sep 28M3 Mining Limited Expands Strategic Footprint At EdjudinaM3 Mining Limited advised that it has made applications for two exploration licences in the Edjudina area. The Company has been working with a party in relation to making these exploration licence applications and has also agreed to acquire a prospecting licence (P31/2131) from this party which is east of the exploration licence applications. The Company has agreed to issue 285,714 shares and pay $15,000 in relation to these new tenements. The expanded portfolio improves the Company's ground position at the Edjudina Gold Project (Edjudina). The Company is very pleased to have been able to secure this additional tenure, subject to grant, in a key strategic area with active exploration underway and ongoing consolidation by competitors and majors. This acquisition and applications complement M3 Mining's dual track strategy of building upon the Company's existing portfolio and assessing and evaluating additional strategic acquisition opportunities.
お知らせ • Sep 22M3 Mining Limited, Annual General Meeting, Nov 18, 2022M3 Mining Limited, Annual General Meeting, Nov 18, 2022.
お知らせ • Sep 12M3 Mining Commences Maiden Drilling Program At EdjudinaM3 Mining Limited announced the commencement of its maiden air-core drilling program at its Edjudina Gold Project (Edjudina or the Project) 140km northeast of Kalgoorlie, WA. A maiden drilling program at the Edjudina Gold Project has commenced with M3 Mining looking to test nine high priority targets with approximately 5,000m to 10,000m of air-core drilling. Three prospects within the program are designed to target a significant anomaly along strike of the resource located on tenure held by joint venture between Legacy Iron and Cazaly. This anomaly is considered largely untested by shallow, wide spaced RAB drilling, despite being immediately adjacent to mineralisation. The air-core drilling will additionally test M3M's interpretation that known principle mineralised structures continue on the Company's tenements, highlighted by the results of the Sub-Audio Magnetic (SAM) Survey completed in December 2021. Two additional targets to the east, generated from pathfinder elements following the soil sampling exercise will also be drill tested in this maiden drilling program. Subject to results from this initial program, M3 Mining anticipates planning an RC drilling program to test the priority targets generated by the air-core drilling program. M3 Mining will update the market when it receives results from this air-core drilling program at Edjudina.
お知らせ • Jul 28M3 Mining Limited Discovers Strong Em Conductor At Victoria BoreM3 Mining Limited provided an update on the Victoria Bore Copper Project (Victoria Bore or the Project), located approximately 115km South of Onslow. In June 2022, a Fixed Loop Electromagnetic geophysical survey was completed over the highly prospective Victoria Bore area. The survey utilised SQUID sensor technology in order to delineate conductivity beneath the previously intersected shale. It was successful in identifying the presence of a strong conductor on the northern boundary of the survey. The newly identified conductor coincides with a termination structure interpreted from government magnetics data. It is an order of magnitude stronger than the anomalies previously intersected by drilling at the Victoria Bore mine. The EM response of this zone is interpreted to represent an accumulation of semi-massive to massive sulphides, potentially associated with base metal mineralisation. GAP Geophysics were engaged to complete a Fixed Loop Electromagnetic (FLEM) geophysical survey using two large-scale loops (600m x 400m), utilising highly sensitive equipment over the Victoria Bore area. The survey lines were spaced at 100m, and stations spaced at 50m along the lines. The survey comprised of 280 individual station readings across a total of 13.2km. The FLEM survey was designed considering the presence of the previously intersected, weakly conductive shale. By offsetting the transmitter loops and using the specialised SQUID sensor, the survey was able to identify strong conductive bodies in close proximity to the shale. Plate modelling reveals that the shale unit has a conductive level of 250 Siemens whilst the highly conductive target reads at 5,000S. Three response channels have been used in the interpretation. Channel 10 shows the early-time response and outlines the linear trend of the weakly conductive shale unit over the entire survey length. Channel 25 shows a medium-time response and indicates that the shale EM response increases in strength towards the north, due to higher conductivity and/or thickening. Lastly, Channel 35 shows the late-time response which is where the strong conductive body is highlighted on the northern boundary of the survey. Confirmation from the consultant geophysicist indicates that it is unlikely that a continuous shale could change conductivity levels from 250S to 5,000S over a distance of 400m. It is more likely that the strong conductor represents a discrete separate conductive body. The conductive source detected on the northern limit of the survey remains open to the north and trends adjacent to the NNW trending shale unit. It may be associated with an accumulation of semi- massive to massive sulphides. The presence of base metals in the Project area increases the chance of the new target hosting base metal mineralisation. The new target aligns with the northern extent of a NW trending magnetic anomaly present in government magnetics data. The magnetic trend appears to be terminated by a regional scale structure that is interpreted to trend approximately north-east. The combination of an interpreted regional scale structure, highly conductive body and regionally anomalous Cu, Pb, Zn and Ag is very encouraging for the discovery of a significant base metals deposit. The EM anomaly is located 400m north of VBRC001 which targeted a historical MLEM anomaly. At the planned target depth, VBRC001 intersected mostly shale as well as disseminated sulphides. Subsequently, a DHEM survey detected a discrete off-hole target up-dip to the east which could be a southern continuation of the highly conductive SQUID FLEM target.
お知らせ • Jul 05M3 Mining Limited Provides an Update on the Geochemical Soil Sampling Program At the Edjudina Gold ProjectM3 Mining Limited provided an update on the geochemical soil sampling program completed recently at the Edjudina Gold Project (Edjudina or the Project), located approximately 150km northeast of Kalgoorlie, WA. Soil samples were collected over a combined strike length of 9,000m and covered sections of M3 Mining's eastern tenements of Edjudina. Samples were collected at 50m spacing on lines spaced 200m to 400m apart. The program was successful in identifying the continuation of the gold anomalous trends that coincide with known gold mineralization to the south, as well as key pathfinder elements including As, Sb, S, Ba, Mn, and Zn which are strongly associated with the anomalous gold zones. Many gold occurrences in the region coincide with the presence of arsenic such as Northern Star's Carosue Dam Operations, and its presence in this round of soil sampling is a positive development. The results are highly encouraging, and analysis of the data has generated high-priority targets that will be tested in the companies upcoming maiden drilling program. A total of 1,399 soil samples were collected from the Project's eastern tenements covering a total area of 1,804 hectares. The lines were spaced 200m apart along the main Yilgangi mineralization trend and 400m apart towards the borders of the tenements. Along each line, the samples were spaced at 50m. The samples were assayed with aqua regia and analyzed via ICP-MS. Numerous gold trend anomalies have been identified that are generally associated with elevated arsenic levels. The most significant gold anomaly is situated in the western portion of E 31/1140 and is 3,000m long within the tenement. This anomaly is a northern extension of gold mineralization intercepted in Legacy Iron Ore and Cazaly's JV tenement. This area also has a clear Na-As-S-Cu-Zn anomaly and is associated with north-south breaks cutting a north-north-west trending sub-audio magnetics (SAM) survey anomaly. This anomaly represents a walk-up drill target and will be tested in the planned drill program. Historically, only very few RAB holes have been drilled but the effectiveness of these drill programs may have been reduced due to regolith dispersion and broad hole spacing. In the north-eastern corner of E 31/1140 elevated gold, barium, manganese, and zinc anomalism occurs within a felsic volcanic unit. This wider area has not been previously drilled and will be tested for the first time in M3 Mining's maiden drilling program. This area is considered a high priority target. When looking at mineralization equivalents, the previously completed SAM survey indicates North- South structures similar to Carosue Dam and the geochemical signatures from the program also indicate coincident anomalism. At a regional scale, the geology is showing linear features which is common in the Eastern Goldfields. It is interesting to note that the targeted areas identified from anomalous gold in soils roughly correspond to the intersecting west-northwest breaks as seen in figure four. The Company is planning to conduct its maiden drill program to test the targets identified in the recent soils program and also to test the wider mineralization potential across the broader tenement package in Third Quarter CY2022 as scheduled. The maiden campaign will consist of 5,000 - 10,000m of air core drilling which will cover multiple prospects and provide the company with the information required to prioritize the second round of drilling.
お知らせ • May 26M3 Mining Limited Provides Exploration UpdateM3 Mining Limited provided an update on the company's ongoing exploration activities. Chair Russell Davis accompanied newly appointed consultant geologist Ziggy Lubieniecki, competent person Jeremy Clark and M3 Mining geologist Austin Gow on a site visit of the Edjudina Gold Project tenements to assess historic workings and map previous geological interpretations. The site visit to the Company's prospective tenements indicate that favorable trends from historic gold prospects to the south continue north on to the company's ground. Of particular interest is the interpreted strike extension of the structure hosting the Yilgangi Queen mine which produced 35,000oz Au at an average grade of 25.9g/t whilst in operation between 1935 and 1982. The mine is still in operation now focusing on the higher-grade shoots which continue at depth. M3 Mining believes that magnetic trends along with mapped geological packages indicate that mineralisation from these prospects could continue into tenements E31/1140, P31/2113, E31/1141 and E31/1168. The company is expecting results from its recently completed soil sampling program early June that will assist in defining priority targets for the projects maiden drilling program which is expected to commence in third quarter of 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Eddie King was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 10M3 Mining Limited Announces Successful First Pass Exploration Drilling Results at the Victoria Bore Copper ProjectM3 Mining Limited announced successful first pass exploration drilling results at the Victoria Bore Copper Project, located approximately 130km southeast of Exmouth, WA. A total of 1,128m of reverse circulation (RC) drilling was completed by Strike Drilling in November 2021. Ten of the eleven holes completed intercepted copper and/or base metal mineralization and the DHEM survey completed post-drilling has identified several off-hole conductors that remain untested. The recent drilling indicates that Victoria Bore potentially hosts a large sulphidic system beneath the historically mined area which remains open along strike and at depth. The results illustrate certain areas of the system have encouraging levels of base metal mineralization. While the results warrant follow-up drill testing to delineate the extent of intercepted mineralization, the presence of elevated base metals calls for large-scale soil sampling across the tenement package to potentially identify new zones of base metal sulphide mineralization. Following this successful maiden exploration program, M3 will implement a systematic exploration program across the entire tenement package, which has never been undertaken and aim to provide a higher degree of geological understanding of this complex, but exciting area. Eleven inclined holes totaling 1,128m (VBRC001- VBRC011) with depth ranging from 52m to 250m were drilled at the Victoria Bore Copper Project in areas that have previously not been tested. The drill samples were sent to Jinning Testing & Inspection Laboratory for gold (Fire Assay) and multi-element 4-acid digest (34 elements). The multi-element assay results were assessed using IoGas and Micromine software. The drilling was targeting ground MLEM targets (T1 & T2) that were identified in 2012. The MLEM survey identified the targets as shallow, relatively strong late time conductors that could possibly be associated with copper mineralization. The drilling intersected both MLEM targets, confirming the presence of a large sulphide system at Victoria Bore, beneath the old workings in the fresh rock. The results confirm that T2 has elevated levels of copper, silver, lead, and zinc. The sulphide mineralization occurred between the contact of a felsic and mafic schist. Within the contact zone, interbedded graphitic shale and sediments were present with varying thickness intersected between holes.
Board Change • Jul 29Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.