Announcement • May 08
Metallium Limited Announces Contracts For 50% of Stage-1 Printed Circuit Board Feedstock Target Metallium Limited announced binding contracts that cover half of its 8,000 ton per annum Stage 1 throughput target of printed circuit board feedstock for its operations in the U.S. This builds on the Company's previously announced binding supply agreement with Glencore Ltd. for up to 2,400 tpa of e-scrap and feedstock including additional agreements with other established industry participants as the company continues to ramp up commissioning of its Texas Technology Campus in the Houston area. Metallium is progressing the commissioning at its Texas Technology Campus, including multi-reactor FHJ installation and testing, as well as ongoing studies into upstream pre-processing and downstream recovery pathways. Securing increasing volumes of contracted feedstocks enables the company to maintain predictable reactor utilization, execute extended processing campaigns across multiple PCB streams and generate data to support the planned multi-line scale up. Announcement • Feb 24
Trumpeter Resources Pty Ltd acquired Mt Monger Gold Project from Metallium Limited (ASX:MTM) for AUD 0.31 million. Trumpeter Resources Pty Ltd acquired Mt Monger Gold Project from Metallium Limited (ASX:MTM) for AUD 0.31 million on February 24, 2026. As consideration for the acquisition, Evergold Minerals Limited has today issued 8,620,690 fully paid ordinary shares to Metallium Limited. All conditions precedent have been satisfied and final transfer documentation has been executed.
Trumpeter Resources Pty Ltd completed the acquisition of Mt Monger Gold Project from Metallium Limited (ASX:MTM) on February 24, 2026. Announcement • Jan 21
Metallium Limited has completed a Follow-on Equity Offering in the amount of AUD 75 million. Metallium Limited has completed a Follow-on Equity Offering in the amount of AUD 75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 89,285,714
Price\Range: AUD 0.84
Discount Per Security: AUD 0.0504
Transaction Features: Subsequent Direct Listing Announcement • Jan 14
Metallium Limited Appoints Stuart Fraser as Chief Financial Officer Metallium Limited announced the appointment of Stuart Fraser as Chief Financial Officer. Stuart is an accomplished CFO and Director with extensive international leadership experience in the resources sector. He has held senior financial leadership roles with Schlumberger, Weatherford, and Ernst & Young. His expertise includes debt and capital restructuring, international tax, audit and compliance, and corporate finance. Stuart has led organisational restructurings, mergers, acquisitions, and divestitures at both executive and Board levels, and has negotiated complex cross-jurisdictional transactions with governments and strategic counterparties across multiple international jurisdictions. Stuart holds a Bachelor of Business (Accounting) from Edith Cowan University and is a Chartered Accountant. He is also a graduate of the Australian Institute of Company Directors and has completed executive finance programs at IMD (Lausanne) and the Wharton School, University of Pennsylvania. Recent Insider Transactions • Nov 13
CEO, MD & Director recently bought AU$100k worth of stock On the 6th of November, Michael Walshe bought around 140k shares on-market at roughly AU$0.72 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Michael has been a net seller over the last 12 months, reducing personal holdings by AU$6.6m. Announcement • Oct 10
Metallium Limited, Annual General Meeting, Nov 28, 2025 Metallium Limited, Annual General Meeting, Nov 28, 2025. Announcement • Oct 02
Metallium Limited Announces Company Secretary Changes Metallium Limited announced the appointment of Dennis Wilkins as Company Secretary with immediate effect, replacing Simon Adams, who has stepped down from the role. The Company would like to thank Mr. Adams for his services as CFO and Company Secretary since the Company's IPO in 2021. Mr. Wilkins is the founder and Principal of DWCorporate Pty Ltd. (DWCorporate), a corporate advisory firm located in Perth, Australia, that has been providing commercial, strategic, and corporate governance services to domestic and international exchange-listed entities for over 20 years. Dennis is supported by a team at DW Corporate, drawing on comprehensive knowledge of all aspects of company secretarial and governance matters, including the Corporations Act and Australian Stock Exchange (ASX) Listing Rules. New Risk • Oct 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$11m 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$11m free cash flow). Earnings have declined by 88% per year over the past 5 years. Shareholders have been substantially diluted in the past year (118% increase in shares outstanding). Revenue is less than US$1m (AU$101k revenue, or US$66k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Significant insider selling over the past 3 months (AU$6.7m sold). New Risk • Sep 30
New minor risk - Financial data availability The 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 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (118% increase in shares outstanding). Revenue is less than US$1m. 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). Significant insider selling over the past 3 months (AU$6.7m sold). Recent Insider Transactions • Aug 29
CEO, MD & Director recently sold AU$6.7m worth of stock On the 28th of August, Michael Walshe sold around 9m shares on-market at roughly AU$0.77 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Announcement • Jun 27
MTM Critical Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million. MTM Critical Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,120,544
Price\Range: AUD 0.55
Discount Per Security: AUD 0.033
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,788,547
Price\Range: AUD 0.55
Discount Per Security: AUD 0.033
Transaction Features: Subsequent Direct Listing Announcement • Jun 04
Mtm Critical Metals Recovers High-Grade Antimony from U.S. E-Waste Using Proprietary Flash Joule Heating Technology MTM Critical Metals Ltd. announced it has successfully recovered high-grade antimony (Sb) from U.S.-sourced electronic waste using its proprietary Flash Joule Heating (FJH) technology. The process achieved a 98% conversion rate, yielding 3.13% antimony -- a concentration that exceeds typical global antimony mine grades (0.1 - 1.0%). This breakthrough demonstrates the commercial potential of onshore, urban mining solutions aligned with U.S. critical minerals strategy. Antimony, listed as a critical mineral by both the U.S. Department of Defense and Department of Energy, is vital to industries such as munitions, semiconductors and battery manufacturing. The U.S. currently lacks domestic antimony production and relies heavily on imports from China. MTM's results validate the strategic relevance of recovering critical metals from legacy e-waste streams and reinforce the company's ongoing discussions with U.S. government stakeholders regarding potential funding support. MTM recently secured a pre-permitted demonstration site in Texas and continues to engage with U.S. agencies on scaling operations. MTM Critical Metals, based in Perth, Western Australia and Houston, Texas, specializes in advanced metal recovery technologies. The company's 100% owned US subsidiary, Flash Metals USA, possesses the exclusive licensing rights to the innovative Flash Joule Heating technology, an innovative metal recovery and mineral processing method developed by researchers at Rice University. In addition, MTM holds exploration assets prospective for niobium (Nb), rare earth elements (REE) and gold, strategically located in Western Australia and Quebec. Announcement • Mar 07
MTM Critical Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.094878 million. MTM Critical Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.094878 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 345,012
Price\Range: AUD 0.275
Transaction Features: Subsequent Direct Listing Announcement • Dec 24
MTM Critical Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million. MTM Critical Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 51,724,138
Price\Range: AUD 0.145
Discount Per Security: AUD 0.0087
Transaction Features: Subsequent Direct Listing Announcement • Nov 30
MTM Critical Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 8 million. MTM Critical Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 64,720,758
Price\Range: AUD 0.065
Discount Per Security: AUD 0.0039
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,356,168
Price\Range: AUD 0.065
Discount Per Security: AUD 0.0039
Transaction Features: Subsequent Direct Listing Board Change • Nov 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Paul Niardone was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 22
MTM Critical Metals Limited Announces Management Changes MTM Critical Metals Limited announced the appointment of company's Chief Executive Officer, Mr. Michael Walshe, to the position of Managing Director of the Company with immediate effect. Following Michael Walshe's appointment as CEO of the Company in August, the Board has decided to promote him to the position of Managing Director (MD) and Chief Executive Officer (CEO) of the Company as part of a process of reviewing the Board's skills matrix. Michael will lead the Company in continuing to rapidly develop the potential for the Flash Joule Heating technology with the assistance of senior executive Steve Ragiel, President of Flash Metals USA Inc. based in Texas. Flash Joule Heating is positioned to become a game-changing technology in the metal recovery sector of the mineral processing industry with applications across a range of materials. Mr. Walshe will be responsible for bringing market awareness of the Company and technology across retail and institutional investors. Mr. Walshe has over 15 years of international experience in engineering, operations, technology commercialization, and project development roles across the minerals, chemicals, and renewable energy sectors with substantial expertise in the design and scale-up of heat transfer equipment. He brings over a decade of experience with industry leader Metso (formerly Metso: Outotec), in various technical and senior management roles, covering all major commodities including lithium, rare earths, gold, and base metals. Michael has extensive expertise in process design, metallurgical flowsheet development, and structuring project finance packages for junior miners via export credit funding. Mr. Walshe holds a Bachelor of Chemical and Process Engineering (Hons.) from University College Dublin, Ireland, and a Master of Business Administration (Finance) from the Australian Institute of Business (AIB). He is a chartered professional engineer with both Engineers Australia and the Institution of Chemical Engineers (IChemE) and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). As part of the Board restructure, Mr. David Izzard has advised that he will be stepping down from his role as Non-Executive Director of the Company at the upcoming AGM and will not seek re-election. David was a founding director of MTM Critical Metals Ltd. (formerly Mt Monger Resources Ltd) and his contribution to the establishment and transition of the business from its initial mineral exploration activities in Western Australia and Quebec through to its acquisition of the Flash Joule Heating technology is appreciated by the Board. Announcement • Oct 30
MTM Critical Metals Limited, Annual General Meeting, Nov 27, 2024 MTM Critical Metals Limited, Annual General Meeting, Nov 27, 2024. Location: suite 2, 38 colin street, west perth wa 6005. Australia New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (184% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (AU$18.8m market cap, or US$13.1m). New Risk • Aug 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 23% 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 (23% average weekly change). Shareholders have been substantially diluted in the past year (186% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$17.1m market cap, or US$11.6m). Announcement • Aug 09
MTM Critical Metals Limited Appoints Michael Walshe as Chief Executive Officer MTM Critical Metals Limited announced the appointment of highly credentialled mineral processing executive Mr. Michael Walshe as Chief Executive Officer of the Company with immediate effect. Mr. Walshe has over 15 years of international experience in engineering, operations, technology commercialisation, and project development roles across the minerals, chemicals, and renewable energy sectors with substantial expertise in the design and scale-up of heat transfer equipment. He brings over a decade of experience with industry leader Metso Outotec, in various technical and senior management roles, covering all major commodities including lithium, rare earths, gold, and base metals. Mr. Walshe has extensive expertise in process design, metallurgical flowsheet development, and structuring project finance packages for junior miners via export credit funding. Before joining MTM, he served as CEO of Voltaic Strategic Resources Ltd. from October 2022 until assuming his current role. Mr. Walshe holds a Bachelor of Chemical and Process Engineering (Hons.) from University College Dublin, Ireland, and a Master of Business Administration (Finance) from the Australian Institute of Business (AIB). He is a chartered professional engineer with both Engineers Australia and the Institution of Chemical Engineers (IChemE) and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Announcement • Jul 02
MTM Critical Metals Limited Announces Resignation of Lachlan Reynolds as CEO MTM Critical Metals Limited reported that CEO Lachlan Reynolds has tendered his resignation, with immediate effect. Mr. Reynolds, who has served as Managing Director since the Company's listing in July 2021 until moving to the position of CEO in April 2024, will remain with the Company over coming months to ensure an orderly transition to assist in moving to a new executive team. He will subsequently continue to provide services as Exploration Consultant to the Company. Steve Ragiel was appointed as President and Managing Director of the Company's US subsidiary Flash Metals USA Inc. in April 2024 and will continue in that role to minimize disruption to the business and ensure the leadership of the company remains focused on delivering the Company's operational and strategic agenda. The Company will review its HR requirements in relation to its exploration operations before the end of Lachlan Reynolds tenure. Announcement • Mar 30
MTM Critical Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. MTM Critical Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,887,416
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,612,584
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Mar 11
MTM Critical Metals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 2.485927 million. MTM Critical Metals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 2.485927 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 31,074,089
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0032
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Feb 09
MTM Critical Metals Limited, Annual General Meeting, Mar 14, 2024 MTM Critical Metals Limited, Annual General Meeting, Mar 14, 2024, at 10:30 W. Australia Standard Time. Location: Suite 2, 38 Colin St West Perth Australia Agenda: To consider ratification of issue of T1 Conversion Shares; to consider approval to issue T2 Conversion Shares; to consider approval to issue Conversion Options; to consider approval to issue Consideration Shares; to consider approval to issue Consideration Performance Rights; to consider approval to issue Unquoted Consideration Options; to consider approval to issue Quoted Consideration Options; to consider ratification of issue of Tranche 1 Placement Shares; to consider approval to issue Tranche 1 Placement Options; and to consider other matters. New Risk • Nov 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% 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 (118% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.88m market cap, or US$1.91m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Nov 22
MTM Critical Metals Limited announced that it expects to receive AUD 1 million in funding MTM Critical Metals Limited entered into a binding convertible note agreements with sophisticated, wholesale, professional investors, or other investors for gross proceeds of $1,000,000 on November 21, 2023. The notes will mature in 12 months from the issue date. The notes carry an interest rate of 12% per annum. The convertible notes will convert into a maximum of 14,374,975 shares. The convertible note agreement remains subject to and conditional upon shareholder approval for the issue of a portion of the securities that will be issued as part of the conversion of the notes. The company will pay management fee of 2% of the convertible note amount raised and a capital raising commission of 4% of the capital raised through the convertible note to Rockford Corporate Pty Ltd. Announcement • Oct 05
MTM Critical Metals Limited, Annual General Meeting, Nov 29, 2023 MTM Critical Metals Limited, Annual General Meeting, Nov 29, 2023. Agenda: To consider the election of Directors. New Risk • Sep 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.4m 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$3.4m free cash flow). Shareholders have been substantially diluted in the past year (117% increase in shares outstanding). Revenue is less than US$1m (AU$16k revenue, or US$10k). Market cap is less than US$10m (AU$3.66m market cap, or US$2.35m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Aug 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Shareholders have been substantially diluted in the past year (113% increase in shares outstanding). Revenue is less than US$1m (AU$6.5k revenue, or US$4.2k). Market cap is less than US$10m (AU$5.82m market cap, or US$3.73m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$2.5m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Jul 22
MTM Critical Metals Limited Appoints Mr. Anthony Hadley to the Board as A Non-Executive Director MTM Critical Metals Limited advised shareholders that it has appointed Mr. Anthony Hadley to the Board as a Non-Executive Director. Mr. Hadley is a metallurgist, a rare earth element (REE) technical expert and a senior manager with more than 30 years of experience in the mining industry in operations, technical development of complex metallurgical flowsheets, project design and management, engineering and process plant commissioning. Mr. Hadley has worked extensively in the REE sector, having previously held the roles of General Manager with both Lynas Corporation at the world-class Mt Weld light REE mine and subsequently with Northern Minerals Limited at Australia's first heavy REE mine at Browns Range. Most recently, Mr. Hadley was appointed as the Chief Operating Officer by Cheetah Resources Corporation (a subsidiary of Vital Metals Limited, ASX:VML), accountable for all operational activities at the Nechalacho REE Project in Canada. Under his management, Cheetah Resources commenced rare earth oxide mining and ore sorting at Nechalacho, which is Canada's first and North America's second REE miner. Mr. Hadley will be engaged by MTM on standard terms and conditions for the non-executive director role. The Company will also enter into a services contract with Mr. Hadley for the performance of technical work that is outside the scope of his Board position. Mr. Hadley will be entitled to participate in the MTM Employee Securities Incentive Plan and subject to shareholder approval he will be issued an incentive package consisting of share options and performance rights as may be issued by the Company from time to time. Announcement • Jan 21
Mt Monger Resources Limited Commences Drilling Program At East Laverton Project to Test Ree and Gold Targets Mt Monger Resources Limited announced that a program of aircore (AC) and reverse circulation (RC) percussion drilling has commenced at the Company's Pt Kidman and Seahorse prospects located near Laverton in Western Australia. Drilling is planned across the Pt Kidman prospect to evaluate anomalous rare earth element geochemical anomalies and an interpreted nickel-cobalt gossan. The previous drilling completed by Mt Monger in May 2022 identified REE mineralisation occurring as broad, near-surface, clay-hosted zones hosted within the weathering profile. The proposed AC drilling is expected to intersect similar mineralisation. A small program of RC percussion drilling is also proposed at Pt Kidman to test a possible nickel-cobalt gossan exposure that was identified by recent rock chip sampling in the area. AC and RC percussion drilling proposed at the Seahorse prospect will test anomalous multi-element surface geochemistry results. These surveys showed significant gold, nickel, copper, cobalt, lead, zinc geochemical anomalies and provide further confirmation that the East Laverton area contains inliers of deformed greenstone rocks interpreted from regional aeromagnetic images. Announcement • Jan 17
Mt Monger Resources Limited Receives Further Soil Geochemical Sampling Results from an Ongoing Surface Geochemical Sampling Program at the East Laverton Project Located in the North Eastern Goldfields of Western Australia Mt Monger Resources Limited has received further soil geochemical sampling results from an ongoing surface geochemical sampling program at the East Laverton Project located in the north Eastern Goldfields of Western Australia. The soil sampling has identified several new broad rare earth element (REE) anomalies in the Pt Kidman area. SOIL SAMPLING RESULTS: The assay results are from a program of surface geochemical sampling which was completed in September to October 2022, mainly within the Pt Kidman prospect area (tenement E38/3466, E38/3499 and E38/3462) and extending to the south to the central part of the East Laverton Project (tenement E38/3510). The sampling program greatly expands the geochemical sampling coverage in the area, which was previously restricted to a small area in the southwest corner of the Pt Kidman area. Subsequent aircore drilling of these anomalies identified significant areas of flat-lying, shallow REE mineralisation hosted within the weathered rocks. Results show that the Pt Kidman area is significantly enriched in Total REE (TREE) compared with other areas that have been sampled to-date. Within the Pt Kidman prospect itself, 5 large, coherent TREE anomalies have been defined, covering a total area in excess of approximately 100 square kilometres. These anomalous areas are open further to the east, south and north, where no sampling has been completed. Absolute values of the assay results are low due to the partial leach nature of the MMI technique but peak values are well defined above background values. Anomalous areas are interpreted to be related to fertile basement granite and granite-gneiss that have a preserved weathering profile. Surface anomalies were also noted for nickel. The nickel anomalies do not show the same extent as the REE anomalies as they are interpreted to be associated with remnant inliers of mafic to ultramafic rocks entrained within granite-gneiss. In the Pt Kidman area, the area of highest nickel values in the soil sampling corresponds with the location of a possible nickel gossan that was identified from rock chip sampling in the area. This confirms the effectiveness of the sampling to identify basement mineralisation. SOIL SAMPLING PROGRAM: The soil geochemistry program comprised a total of 5,800 samples, collected locally on variable sample grids including 800m x 200m, 400m x 200m, 400m x 100m and 100m x 100m sample spacing. Samples were assayed using the proprietary SGS Laboratories mobile metal ion (MMI) technique to obtain a multi-element assay suite. The soil sampling program is continuing at the East Laverton area as the first-pass evaluation of the Company's tenements. The Company is currently waiting on additional assay results. Further evaluation and analysis of the whole geochemical sampling program will be completed and reported when these data become available. FURTHER WORK: An aircore drilling rig has been contracted to undertake a program of drilling across the Pt Kidman area to test the REE anomalies for both extensions of known mineralisation and for new occurrences of REE. The rig is expected to mobilise to the Pt Kidman area in the coming week. All regulatory work program approvals and heritage clearances have been obtained for the drilling program. Further soil sampling is proposed to evaluate the tenement areas further east and north of the extents of the current program in second quarter 2023. These areas are also considered to have prospectivity for REE but have not been previously explored. Recent Insider Transactions • Dec 01
Non-Executive Chairman recently bought AU$70k worth of stock On the 30th of November, John Hannaford bought around 706k shares on-market at roughly AU$0.10 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of AU$78k worth in shares. Announcement • Nov 28
Mt Monger Resources Limited Receives Assay Results for Rock Chip Samples Collected During Recent Field Work At the East Laverton Project Mt Monger Resources Limited has received assay results for rock chip samples collected during recent field work at the East Laverton Project in the north Eastern Goldfields of Western Australia. Results confirm the presence of highly anomalous metal values within possible gossans. Notably, sample ELRK024 from the Seahorse Prospect area contained grades of 1.10% nickel, 1.57% cobalt and 337ppm copper. This sample is coincident with a large magnetic high and is within an anomalous nickel, copper and cobalt surface geochemical anomaly defined by the Company's recent mobile metal ion soil sampling program (refer to Mt Monger ASX announcement dated 27 April 2022 "Geochemical Sampling Identifies New Gold and Base Metal Targets at the Seahorse Prospect"). Other rock chip samples collected from previously unrecognised gossanous outcrops also returned anomalous nickel, cobalt and copper values. These results provide further confirmation that the East Laverton area contains inliers of deformed greenstone rocks that have the potential to host nickel, copper, cobalt and gold mineralisation. The discovery of gossanous rocks is important because much of the geology in the region is covered by transported cover and consequently has not been explored effectively. Rock Chip Program: A total of 24 rock chip samples were taken across areas of limited outcrop north-west of and around the Seahorse prospect area. Of these samples, several were gossanous and elevated in elements including nickel, copper and cobalt. Further Work Heritage clearances are currently being arranged to allow drilling evaluation of the target areas defined by geochemical sampling and these rock chip samples. The Company plans to undertake drilling in early 2023. Announcement • Nov 17
Mt Monger Resources Limited Announces Rare Earth Mineralisation East Laverton Mt Monger Resources Limited has received detailed 1 metre assay results from a recent program of aircore drilling completed to test rare earth element (REE) anomalies at the Pt Kidman prospect, part of the East Laverton Project in the north Eastern Goldfields of Western Australia. Results confirm the REE mineralisation contains a significant proportion of valuable heavy, magnet and critical rare earth oxides. The Company has previously reported composite sample assay results for this drilling (see Mt Monger ASX announcement dated 19 August 2022) which highlighted broad zones of shallow, flat-laying clay-hosted REE mineralisation. Assay of primary one metre RC drilling samples has confirmed and refined the intersections from the drill holes. A total of 280 new samples were assayed for a multi-element suite. The Pt Kidman area represents a potentially large-scale, rare earth element project at East Laverton. The current drilling program has only tested a small part of the prospective terrane but has shown significant continuity and grade within the mineralised zone within the regolith. Further aircore drilling is currently being planned to test these areas for additional zones of REE mineralisation. Aircore Drilling Program: A total of 48 aircore drill holes were completed. The drilling was designed to test REE mineralisation which was known only from limited surface sampling and historical drill holes in the Pt Kidman area, approximately 30km northeast of Laverton. Drilling successfully identified broad zones of shallow REE mineralisation hosted by saprolitic clays above interpreted fertile basement granitoids and gneissic rocks. On the basis of limited available historical exploration and similarities in the geological setting it is anticipated that additional zones of REE mineralisation will be intersected (refer to Mt Monger ASX announcement dated 1 September 2022). New Assay Results: Assay of the primary 1m drill samples has confirmed and provided better definition of the REE mineralisation intersections in the aircore drill holes. As anticipated, the new downhole intersections compare favourably with the original composite samples, though the intervals are typically slightly narrower and higher grade (see Appendix III). Assays received have returned significant TREO grades and thickness using a 1,000ppm TREO cut-off grade with clay thickness intervals up to 12m. Overall, Magnet Rare Earth Oxides (MREO) make up an average of 24% of TREO, with Critical Rare Earth Oxides (CREO) averaging 23% and Heavy Rare Earth Oxides (HREO) averaging 12%. The Company's proposed drilling east of the Great Central Road at the Pt Kidman prospect has been granted provisional approval by the Traditional Owners of the area, subject to an on-site clearance process. The approval allows the Company to progress its aircore drilling program to assess the distribution, grade and continuity of clay-hosted REE mineralisation within the weathering profile across the area. Planning for the drilling program is in progress. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman John Hannaford was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 21
Mt Monger Resources Limited Receives Detailed 1 Metre Assay Results from A Program of Reverse Circulation Percussion Drilling Recently Completed at A Number of Prospect Areas At the Mt Monger Gold Project Near Kalgoorlie in the Eastern Goldfields of Western Australia Mt Monger Resources Limited has received detailed 1 metre assay results from a program of reverse circulation (RC) percussion drilling recently completed at a number of prospect areas at the Mt Monger Gold Project near Kalgoorlie in the Eastern Goldfields of Western Australia. The Company has previously reported composite sample assay results for this drilling which highlighted several significant intersections. Assay of primary one metre RC drilling samples has confirmed and refined the intersections from the drill holes. A total of 310 new samples were assayed for gold. A total of 26 RC percussion drill holes were completed at Mt Monger in April 2022. The drilling was designed to test gold mineralisation known at a number of prospect areas at the Mt Monger project, including Red Dale North, Duchess of York, Duchess of York South/Gladiator and Peters Dam. Assay of the primary 1m drill samples has confirmed and provided better definition of the gold mineralisation intersections at Red Dale North, northwest Duchess of York, north Gladiator, and the Peters Dam prospects. As anticipated, the new downhole intersections compare favourably with the original composite samples, though the revised intersections are typically slightly narrower in downhole width and have a higher gold grade. At the Red Dale North Prospect, hole 22MMRC004 intersected 4m @ 5 g/t Au from 48m downhole. Overall strike length of mineralisation now considered to extend over 300m and is open both along strike and down dip. A total of 6 holes were drilled north of the Gladiator Prospect, with two holes intersecting promising mineralisation and potentially defining a new mineralised structure open in all directions. Results of the more detailed assays confirm widespread gold mineralisation at the Red Dale North, North Gladiator, northwest Duchess of York, and the Peters Dams prospects. Further drilling is required to evaluate the extent and continuity of the structures that host the mineralisation. The Company is well positioned to rapidly undertake infill work and will commenced preparations to undertake the necessary follow-up. Announcement • Sep 16
Mt Monger Resources Limited Announces Advancing REE and Gold Exploration At the Pt Kidman Prospect Mt Monger Resources Limited is progressing its exploration for rare earth elements at the Pt Kidman prospect area and has secured approval from Traditional Owners for reconnaissance aircore drilling, subject to completing site clearances. The Company has applied for a new exploration license in the Pt Kidman prospect area which is strategically located adjacent to the current exploration areas and significantly expands the total area considered prospective for REE mineralization. The Company has also received further soil geochemical sampling results from the East Laverton Project located in the north Eastern Goldfields of Western Australia. The soil sampling has identified several new gold anomalies. Numerous sample results are still awaited for other areas along more than 50km of the interpreted prospective zone. The Company's proposed drilling east of the Great Central Road at the Pt Kidman prospect has been granted provisional approval by the Traditional Owners of the area, subject to an on-site clearance process. The approval allows the Company to progress its aircore drilling program to assess the distribution, grade and continuity of clay-hosted REE mineralization within the weathering profile across the area. Planning for the drilling program is in progress. The Company has also made an application for an additional exploration license (E38/3765) to secure additional prospective ground in the Pt Kidman area immediately to the south of the areas being actively explored. The assay results are from a program of surface geochemical sampling which was completed in June 2022 within the Seahorse Prospect area (tenement E38/3510 and E38/3511), in the central part of the East Laverton Project. The program comprised a total of 911 samples, collected locally on sample grids with 400m x 200m and 400m x 100m sample spacing. Samples were assayed using the proprietary SGS Laboratories mobile metal ion (MMI) technique to obtain a multi-element assay suite. Results showed two previously unknown gold anomalies (with associated elevated silver) located along strike to the northwest of geochemical gold anomalies previously identified at the Seahorse prospect. The main anomaly has a strike length in excess of 4km and is open to both the northwest and southeast. Absolute values of the assay results are low due to the partial leach nature of the MMI technique but peak values are well defined above background values. These anomalies are spatially associated with subtle magnetic anomalies indicating that inliers of mafic to ultramafic greenstone rocks are entrained in the gneissic rocks that dominate the basement of the area. Comparison of the anomalies with surface geomorphology has again indicated that there may be some control on the distribution of the geochemical anomalies by the palaeodrainage system that runs through the tenement. The soil sampling program is continuing at the East Laverton area as the first-pass evaluation of the Company's tenements. The Company is currently waiting on approximately 2,180 additional assay results. Further evaluation and analysis of the whole geochemical sampling program will be completed when these data become available. The Company is continuing to progress its planned drilling to test high priority target areas now that a process for obtaining heritage clearances has been agreed. Additional aircore drilling in the Pt Kidman area is also being currently being planned and permitted for the large, previously untested areas within the tenement block. The proposed drilling program will comprise vertical drill holes to test the regolith profile for REE mineralisation, like that observed in the recently completed program. Drilling will test the extent, continuity and grade of REE mineralisation. Further soil sampling is also planned, extending geochemical sampling coverage further north into the Pt Kidman prospect and other areas. The Company is anticipating the granting of further tenements and sampling may also be undertaken as a first-pass evaluation of prospectivity. Announcement • Sep 01
Mt Monger Resources Limited Announces REE Update at East Laverton Project Mt Monger Resources Limited has completed a review of rare earth element (REE) potential at its Pt Kidman prospect, part of the East Laverton Project located in Western Australia. Recent drilling at Pt Kidman has successfully intersected significant widths and grades of REE mineralisation in all areas that were tested. The area of known REE anomalies extends over and area of more than 20km by 10km, indicating that Pt Kidman area represents a potentially large-scale, rare earth element project. The recent drilling program only tested a small part of this prospective terrane but has locally shown significant continuity and grade within the mineralised zone within the weathering profile over Archaean granitoid rocks. Highlights: Recent aircore drilling has intersected widespread, significant REE mineralisation at shallow depths. REE mineralisation hosted by saprolitic clay zones in the weathering profile Large prospective area over 200km2 remains untested - Growing geological confidence that further exploration can lead to the discovery of similar and higher quality REE mineralisation and extend known areas - Heritage clearance and permitting for further drilling in progress. REE Prospectivity: To evaluate the regional prospectivity for REE, the Company has integrated sparse historical exploration results, recent soil sampling and drilling with available geophysical datasets such as airborne magnetics and radiometric data. Further, the Company has assessed the topography of the area to discriminate between active erosional areas, where the weathering profile is likely to be thin, with stable or depositional areas where the weathering profile is likely to be better preserved. Three broad areas, covering in excess of 200km2, have been targeted for further exploration drilling. Additional areas are expected to be identified elsewhere on the Company's tenements as the exploration program progresses. Further Work: Additional aircore drilling in the Pt Kidman area is currently being permitted and the Company is in the process of obtaining heritage clearance from the traditional owners. The proposed drilling program will comprise vertical drill holes to test the regolith profile for REE mineralisation, like that observed in the recently completed program. Drilling will test the extent, continuity and grade of REE mineralisation. Announcement • Aug 19
Mt Monger Resources Limited Receives Assay Results from its Reconnaissance Aircore Drilling Campaign at the Pt Kidman Prospect Mt Monger Resources Limited has received assay results from its recent reconnaissance aircore drilling campaign at the Pt Kidman prospect, part of the East Laverton Project located in Western Australia. Drilling has successfully intersected significant widths and grades of rare earth element (REE) mineralisation in all areas that were tested. Aircore Drilling Results: A total of 48 aircore (AC) drill holes were completed, for a total of 1,084 metres of drilling was completed at the Pt Kidman prospect to test the known REE mineralisation in the area. Multi-element assay results including a full REE suite have been received for 3m composite samples routinely collected from all the drill holes. Further Work: The Pt Kidman area represents a potentially large-scale, rare earth element project at East Laverton. The current drilling program has only tested a small part of the prospective terrane but has shown significant continuity and grade within the mineralised zone within the regolith. Primary 1m interval samples collected during the drilling program are currently being submitted for re-assay in order to confirm and refine the higher-grade intersections. Additional drilling in the Pt Kidman area is currently being permitted and the Company is in the process of obtaining heritage clearance from the traditional owners. Announcement • Jul 28
Mt Monger Resources Limited ntersects Significant Gold Mineralisation a He Albion Project in Western Australia Mt Monger Resources Limited has received initial gold assay results for the inaugural reverse circulation (RC) drilling program recently completed at the Albion project located near Norseman in Western Australia. Note that multi-element assays, including lithium, are still awaited for the drilling samples. Drilling has intersected has successfully intersected gold mineralisation beneath the historical Albion workings and has identified other mineralised structures further to the southwest where there has been no previous drilling. Importantly, the gold mineralisation appears to be quitenuggety in its distribution and an assessment of composite 3m samples versus primary 1m drilling samples indicates that composite samples may be under-reporting the true gold grade. Given the potentially nuggety gold distribution, the Company intends to assay additional 1m drilling samples and expects further significant gold results once these assays are completed. A total of 22 reverse circulation (RC) percussion drill holes were completed at the Albion project, for a total of 1,928 metres of drilling. The drilling was undertaken to test the gold and lithium targets recently identified by a program of geochemical soil sampling which highlighted extensive surface gold anomalies associated with known historical workings on gold mineralised quartz lodes. In addition, the sampling identified significant lithium anomalies that are potentially associated with the mapped pegmatites in the area. Gold Assay Results: Further primary 1m drilling interval samples collected during the drilling program will be assayed to confirm and refine the 3m composite intersections where necessary. Note that downhole intervals are shown, true widths not known. Appropriate rounding of grade valueshas been applied. Significant intersections are based on a 0.1g/t Au cut-off grade. Higher-grade zones (highlighted) are based on a 0.5g/t Au cut-off grade of both 1m and 3m composite samples and do not contain internal dilution. Assay results from the Albion area, which contains historical workings, showed the highest grades, particularly from holes 22ALRC010 and 22ALRC003, which intersected several mineralised structures containing zones greater than 2g/t Au. The orientation, trend and strike length of these structures is currently not well constrained. Approximately 500m to the southeast of the Albion workings, drilling also intersected mineralised structures in holes 22ALRC019 and 22ALRC020. The orientation and geometryof these structures is also not constrained but they may represent a continuation of the Albion mineralised system. The drilling has shown that the mineralised zone closely coincides with the surface geochemical survey. The RC drilling program also tested several continuous geochemical targets located as far as 1.2km south of the historic Albion workings. Results of the completed drilling indicate widespread anomalous gold mineralisation in theAlbion Project and localised higher-grade intersections. Further drilling is required to evaluate the extent and continuity of the structures that host the mineralisation. The Company is well positioned to rapidly undertake infill work. Significant intersections include: 22ALRC010 7m @ 2.96g/t Au from 36m including 3m @ 1.23g/t Au from 36m, 1m @ 12.2g/t Au from 39m, 1m @ 1.45g/t Au from 41m, 1m @ 3.03g/t Au from 42m. o 22ALRC003 3m @ 4.14g/t Au from 123m, 1m @ 1.01g/t Au from 128m, 1m @ 1.10g/t Au from 130m. 22ALRC020 3m @ 2.16g/t Au from 27m. 22ALRC019 3m @ 0.61g/t Au from 39m. 22ALRC002 3m @ 0.48g/t Au from 39m. Announcement • Jun 22
Mt Monger Resources Limited Completes A Drilling Campaign At Several Prospect Areas Within the Albion Project Located Near Norseman in Western Australia Mt Monger Resources Limited has completed a drilling campaign at several prospect areas within the Albion project located near Norseman in Western Australia. A total of 22 reverse circulation (RC) percussion drill holes have been completed, for a total of 1,928 metres of drilling. Mt Monger has the right to acquire 100% of the Albion tenement under an existing option agreement with the licence holder. Further Work: Samples from the completed RC percussion drilling program have been delivered to the ALS assay laboratory in Kalgoorlie. Due to the current high volume of assay samples currently being processed by the laboratory, assay results are expected to be received in 4-6 weeks time. Results of the drilling program is expected to provide the Company with a significant increase in knowledge about the geology and mineralisation for both the gold and lithium targets. Further drilling is anticipated to be required to infill and extend the targets. The Company is prepared to rapidly undertake this drilling as required. Albion project: The Albion project is located approximately 35km to the south of Norseman and comprises a single exploration licence, covering a total area of 4 graticular blocks. The Company has executed an Option Agreement to explore and subsequently acquire a 100% interest in the project, which contains numerous high-grade historical workings, is previously untested by drilling and is considered to be highly prospective for the discovery of a significant gold resource. Access to the area is excellent, as the Norseman-Esperance highway cuts through the north-western corner of the tenement area. The Project is in close proximity to the Norseman gold operations that are currently being redeveloped by Pantoro Limited and is situated approximately 10km to the west of the Scotia gold mines. Announcement • Jun 14
Mt Monger Resources Limited Receives Assay Results for Reverse Circulation Percussion Drilling Program Completed At Mt Monger Gold Project, Located Near Kalgoorlie in Western Australia Mt Monger Resources Limited has received assay results for a reverse circulation (RC) percussion drilling program completed at the Mt Monger Gold Project, located near Kalgoorlie in Western Australia. RC Percussion Drilling Program: A total of 26 reverse circulation (RC) percussion drill holes were completed, for a total of 1,731 meters of drilling. The drilling was designed to test gold mineralization known at a number of prospect areas at the Mt Monger project, including Red Dale North, Duchess of York, Duchess of York South and Peters Dam. Assay Result: Gold and multi-element assay results have been received for 3m composite samples routinely collected from all the drill holes. Drilling has successfully intersected gold mineralization at the Red Dale North Prospect, including holes 22MMRC004 and 22MMRC009. Hole 22MMRC004 confirms historic drillhole RYRC696 (4m composite @ 1.91g/t Au from 20m and 4m @ 1.26g/t Au from 45m) and extends mineralization at depth. Hole 22MMRC009 extends known mineralization 110m to the northeast of the prospect area. Overall strike length of mineralization now considered to extend over 250m and is open both along strike and down dip. Other significant results included: 22MMRC024 (3m composite @ 0.9g/t Au from 48m) at the Peters Dam Prospect; and holes 22MMRC022 and 22MMRC023 drilled in the Duchess of York prospect area. Further Work: Selected 1m interval samples collected during the drilling program will now be submitted for gold assays to confirm and refine the higher-grade intersections defined by the composite samples and allow better correlation with previous intersections. Results of the completed drilling indicate widespread anomalous gold mineralization and localized higher-grade intersections. Further drilling is required at several prospect areas to evaluate the geometry, extent and continuity of the structures that host the mineralization. Announcement • Jun 04
Mt Monger Resources Limited Announces Key Tenements Granted at Ravensthorpe Ree-Li-Ni Project Three exploration licence applications made by Mt Monger Resources Ltd. at the company's Ravensthorpe REE-lithium-nickel project have recently been granted by the WA Department of Mines, Industry Regulation and Safety (DMIRS). The company now holds a total of 11 granted exploration licences in the Ravensthorpe area, which collectively cover approximately 1,400km2. The company's exploration licences at the Ravensthorpe project are located between the regional towns of Jerramungup, Ravensthorpe and Esperance in southern WA. The ground is interpreted to cover gneissic rocks of the Albany-Fraser Belt and remnant inliers of Archaean greenstone rocks. The recently granted tenements E74/723, E74/726 and E74/727 are located in the Young River area, east of Ravensthorpe. The area is prospective for a suite of battery metals including lithium, rare earth elements (REE), nickel-cobalt-PGE and graphite and. There are currently a number of active mining operations, project developments and exploration projects in the region. The Albany-Fraser Orogen is an emerging province-scale ionic absorption clay-hosted rare earth element (ionic REE) opportunity. This style of mineralisation occurs when REE's derived from weathering of underlying basement rocks are subsequently enriched in the regolith profile; forming a shallow, continuous, sub-horizontal zone that is potentially amenable to cost effective open pit mining and heap leaching extraction techniques. The company has identified historical exploration drilling results on and adjacent to its tenements that indicate prospectivity for ionic REE mineralisation. Recent aircore drilling in areas immediately adjacent to the Mt Monger tenements has further highlighted this potential. A rapidly developing ionic REE province is developing in the Ravensthorpe-Esperance region. Several ASX listed explorers (e.g. Meeka Gold Ltd, Mt Ridley Mines Ltd) and upcoming listing OD6 Metals Ltd. have taken up significant landholdings focussing on the ionic REE prospectivity. Mt Monger's tenement package covers key areas within this province, where limited previous exploration has highlighted consistently anomalous shallow accumulations of REE mineralisation. The advantage of the mineralisation in this area is that it is easily explored, being flat lying clays close to surface, and that it can be tested with aircore drilling from roadsides and tracks or along fencelines. Furthermore, with neighbouring companies undertaking an extensive exploration and commencing metallurgical studies, Mt Monger can leverage these results to quickly assess and progress the scope, scale and nature of the mineralisation on its own tenements. The unique chemical and physical properties of REEs have positioned them as a critical material across a number of rapidly evolving markets and industrial applications. In particular, neodymium (Nd) and praseodymium (Pr) oxides are critical elements in the manufacture of permanent magnets used for electric motors, turbines and mobile phones. Key global megatrends are driving strong and diversified demand for Nd-Pr oxides: Low carbon energy transition - electric drive motors and turbines. Military application - guidance and control systems Communications technology. Sustainable resource security - increasing scarcity of and global competition for resources. Supply chain security - against a backdrop of heightened geopolitical tension and push to diversify supply away from China. To underscore the geopolitical importance of rare earths, the Pentagon has recently urged the US Government to fund Australian strategic mining of materials used to make electric vehicles and weapons. This is in an effort to reduce US reliance on China for lithium, REE and other minerals. Announcement • May 20
Mt Monger Resources Limited Announces Drilling Program Updates for East Laverton and Albion Projects Mt Monger Resources Limited has been able to take advantage of recent drill rig availability to undertake programs of aircore (AC) drilling at its East Laverton project and reverse circulation (RC) percussion drilling at the Albion project located near Norseman in Western Australia. Mt Monger has been progressing exploration for rare earth elements (REE) at the Pt Kidman prospect area at the East Laverton project, where historical drilling results and more recent soil sampling have identified significant REE anomalies over a broad area. The Company's exploration model is to target REE mineralisation in the regolith profile overlaying REE- enriched granite or granite-gneiss basement rocks. These clay-hosted or ionic REE deposits are typically flat-laying, near-surface and could potentially have significant areal extent. A reconnaissance program of vertical aircore drilling comprising 48 holes for 1,084 metres hasbeen completed at the Pt Kidman prospect to test the known REE mineralisation in the area. The holes will target the known REE anomalous area and obtain end of hole samples to help map the bedrock geology of the area. Gold and lithium targets have recently been identified at the Albion project, locatedapproximately 35km south of Norseman. A program of geochemical soil sampling at Albion highlighted extensive surface gold anomalies associated with known historical workings on gold mineralised quartz lodes (or `reefs'). In addition, the sampling identified significant lithium anomalies that are potentially associated with the mapped pegmatites in the area. A program of RC percussion drilling comprising approximately 20 holes for 1,500 to 2,000 metres has commenced at the Albion project in order to test the gold and lithium targets. Based on historical research, the proposed program appears to be the first time that systematic drilling has been undertaken on the project area. Drilling at the Albion project will be completed by the end of May 2022. Drilling samples from both project areas will be submitted for assay and results should be available in another 4 to 6 weeks time, subject to the current backlog at the analytical laboratory. Results of the drilling programs are expected to provide the Company with a significant increase in knowledge about the geology and mineralisation for the targets at both project areas. Further drilling is anticipated to infill and extend the targets. Announcement • Apr 28
Mt Monger Resources Limited Announces the Results of Soil Geochemical Sampling from the Seahorse Prospect Area at its East Laverton Project in the North Eastern Goldfields of Western Australia Mt Monger Resources Limited has received the results of soil geochemical sampling from the Seahorse Prospect area at its East LavertonProject located in the north Eastern Goldfields of Western Australia. The soil sampling has identified several extensive gold, nickel and base metal anomalies. A program of drilling is planned to test these geochemical anomalies as soon as statutory and heritage approvals are granted. The assay results are from a program of surface geochemical sampling which was completed in late 2021 at the Seahorse Prospect area (tenement E38/3302), in the central part of the East Laverton Project. The program comprised a total of approximately 3,500 samples, collected locally on a range of different sample grids including, typically 100m x 400m and 200m x 400m sample spacing. Samples were assayed using the proprietary SGS Laboratories mobile metal ion (MMI) technique to obtain a multi-element assay suite. Results showed that gold, nickel and base metal anomalism is widespread across the Seahorse prospect area. Absolute values are low due to the partial leach nature of the MMI technique but peak values are well defined above background values. These anomalies are spatially associated with magnetic anomalies indicating that inliers of mafic to ultramafic greenstone rocks are entrained in the gneissic rocks that dominate the basement of the area. Gold anomalies have been identified in the northeast, central and western parts of the tenement area. The larger anomalies in the west have strike lengths in excess of 5km and are associated with distinct structures and magnetic lithologies. The gold anomaly in the northeast of the tenement area is approximately 3km across and reconfirms a previous gold geochemical anomaly that has been tested with a limited amount of drilling. This area is a key target for further follow-up. Copper, lead, zinc and nickel anomalies are complex and show some distinct zonation patterns, typically with central copper zones, surrounded by the lead and zinc. This may be indicative of a large-scale hydrothermal system. Nickel anomalies are interpreted to be associated with ultramafic lithologies in the basement, some of which have distinct basement magnetic anomalies. Comparison of the anomalies with surface geomorphology suggests that there may be some control on their distribution by the palaeodrainage system that runs through the tenement, though this requires further investigation. Due to extensive transported cover, the tenements within the Company's East Laverton Project have had limited historical exploration, despite being surrounded by existing andemerging world class gold projects. Historical exploration at the Seahorse Prospect has previously encountered gneissic rocks considered to be similar to those from the Tropicana gold mine (Anglogold Ashanti Ltd. and Regis Resources Ltd) located 125km to the southeast of the Seahorse project area. Furthermore, mineralisation is locally known to be associated with deformed and metamorphosed greenstone rocks. Images of magnetics show that there are anomalies that are unexplored and have not been tested with drilling. These encouraging gold and base metal geochemical results enhance the exploration potential of the Seahorse area and require further detailed evaluation to determine their exploration significance. The lack of bedrock exposure necessitates that the next stage of exploration be drilling to test beneath the cover for mineralised structures. A program of aircore drilling is planned to test the area and will be implemented subject to obtaining the relevant statutory approvals and heritage clearances. Additional areas within the tenement (and over the broader East Laverton area) may also be targeted for further soil sampling to extend the surface geochemistry coverage. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman John Hannaford was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 12
Mt Monger Resources Limited Announces Additional Tenements Granted At East Laverton Project Two exploration licence applications made by Mt Monger Resources Ltd. at the Company's East Laverton Project have recently been granted by the WA Department of Mines, Industry Regulation and Safety (DMIRS). These tenements are in addition to the licences granted last month and are prospective for gold and rare earth element (REE) mineralisation. Exploration licences E38/3506 and E38/3519 are located approximately 30km to the northeast of the township of Laverton and are part of the Company's Pt Kidman prospect area. The ground is interpreted to cover gneissic rocks and remnant slivers of Archaean greenstone units that are prospective for gold, base metals and rare earth elements. Extensive younger cover obscures the bedrock and historical exploration of the area is limited. The Company has also recently completed a heritage agreement with the Traditional Owners in the Laverton area that affects part of E38/3519. The Company can now to extend its current exploration program at the East Laverton project to include the new licences. The Company is still awaiting the grant of 4 exploration licences at the East Laverton project. Announcement • Apr 06
Mt Monger Resources Limited Completes a Surface Geochemical Sampling Program at the Albion Project Located South of Norseman in the Eastern Goldfields of Western Australia Mt Monger Resources Limited completed a surface geochemical sampling program at the Albion project located south of Norseman in the Eastern Goldfields of Western Australia. Extensive quartz veining and potentially lithium-bearing pegmatites were observed in the field by the sampling crew. The MMI sampling aims to discover new gold bearing quartz veins, extending the historic gold bearing quartz reef, and identifying any potential lithium bearing pegmatites on the tenement. The Albion Gold Project is located approximately 35km to the south of Norseman and comprises a single exploration licence, E63/1810. Mt Monger has an option agreement with the holder of the tenement and has the right to acquire a 100% interest in the property. The Project is located at the southern end of the highly endowed Norseman-Wiluna greenstone belt, within the Eastern Goldfields of Western Australia. Previous geological mapping indicates the area contains metamorphosed and folded Archaean rocks including amphibolite (typically the host rock to Au-bearing quartz veins), gabbro and ultramafic komatiites. Pegmatites locally occur as pods and veins within the amphibolite and are orientated parallel to the metamorphic foliation. Available reports indicate that high-grade gold was mined historically (1891-1942) from shallow shafts and underground workings. Gold production is reported as 97 oz Au from 156 t of ore, equivalent to a grade of approximately 19 g/t Au. The gold was typically associated with quartz lodes (reefs). Geological mapping has identified at least three, steeply-dipping, gold-bearing quartz lodes that are interpreted to be hosted by west-northwest to northwest trending shear zones which are axial-planar to the mapped folds in the greenstones. The lodes can be traced over 100m in strike length and remain open along strike. A total of 487 surface geochemical samples have been collected across the Albion project, on a nominal 50m x 100m grid. The soil sampling was designed to evaluate a series of moderately dipping quartz veins or reefs that extend across the tenement in a northwest-southeast direction. The sampling should also be effective to test for lithium mineralisation inthe pegmatites identified in the field. Samples have been submitted to SGS Laboratories for analysis using their proprietary mobile metal ion (MMI) method. Results are expected to be available in approximately 4 to 6 weeks. Announcement • Apr 01
Mt Monger Resources Limited Announces Drilling Commences At Mt Monger Gold Project Mt Monger Resources Limited announced that a program of reverse circulation (RC) percussion drilling has commenced at the company's Mt Monger Gold Project located near Kalgoorlie in Western Australia. Drilling is planned for the Duchess of York South, Red Dale North and Peters Dam prospect areas. All these prospect areas are high-priority targets where historical drilling has intersected significant gold mineralization. Or, where the company's recent soil sampling has highlighted the potential for gold mineralized structures that are poorly tested by historical drilling that was typically broad-spaced and shallow. Announcement • Mar 29
Mt Monger Resources Limited Announces That Tenements Granted At East Laverton Project Two exploration licence applications made by Mt Monger Resources Ltd. at the Company's East Laverton Project have recently been granted by the WA Department of Mines, Industry Regulation and Safety (DMIRS). Exploration licences E38/3510 and E38/3511 are located approximately 40km to the east of the township of Laverton (Figure 1), adjacent to the Company's Seahorse prospect. The ground is interpreted to cover gneissic rocks and remnant slivers of Archaean greenstone units that are prospective for gold, base metals and rare earth elements. Extensive younger cover obscures the bedrock and historical exploration of the area is limited. The Company has recently completed a heritage agreement over the tenement areas with the Traditional Owners and intends to extend its current exploration program at the East Laverton project to include the new licences. Announcement • Mar 06
Mt Monger Resources Limited Announces Geochem Results from East Laverton Ree Target The Board of Mt Monger Resources Limited announce the results of soil and rock chip geochemical sampling from the Pt Kidman Prospect area at its East Laverton Project located in the north Eastern Goldfields of Western Australia. The soil sampling has identified a previously unknown rare earth element (REE) anomaly that is open along strike and requires further follow-up. The Company has received assay results for a program of surface geochemical sampling recently completed at the Pt Kidman Prospect area, in the northern part of the East Laverton Project. Sampling has been primarily undertaken over the southwest corner of E38/3499, atenement that is part of the Company's earn-in agreement with Tevel Pty Ltd. The program comprised a total of approximately 350 samples, collected locally on a range of different sample grids including 100m x 100m, 100m x 400m and 200m x 800m. Samples were assayed using the proprietary SGS mobile metal ion (MMI) technique. Announcement • Nov 24
Mt Monger Resources Limited Announces Extensive Gold Anomalies in Soil Geochemical Results at the Mt Monger Project Mt Monger Resources Limited announced High priority targets for gold have been identified in recent soil geochemistry results from the Mt Monger Gold Project located in the prospective Mt Monger Goldfield. The sampling completed by Mt Monger Resources Limited has successfully defined several previously unknown geochemical anomalies that are interpreted to be related to mineralised structures. Furthermore, the sampling has elsewhere defined significant. The Company has received assay results for a program of surface geochemical sampling recently completed at the Mt Monger Project (refer to Mt Monger ASX announcement dated 11 October 2021). The program comprised a total of approximately 2,340 samples, collected locally on a 200m x 50m grid and a 200m x 100m grid extensions to known mineralised prospects. Sampling has been undertaken over four key areas including the Duchess of York prospect, where a geophysical interpretation indicates a continuation of the known mineralised structure to the south; Peters Dam prospect, the Red Dale North prospect in the northwest of the Project area; and over the structure that hosts gold mineralisation at the Kiaki Soaks prospect, in the southeast part of the Project area. Samples were assayed by SGS Australia for low-level multielement analysis using their proprietary mobile metal ion (MMI) method. This method is a "partial digest" technique that uses very dilute chemical solutions that only extract weakly bound ions from the sample for analysis. The results have identified several significant gold anomalies at Mt Monger, particularly south of the Duchess of York prospect where the Company has recently completed a drilling program; and at the Kiaki Soaks prospect in the southeast of the Project area where historical drilling has defined a mineralised structure. The anomaly is coincident with a number of historical reverse circulation (RC) drill holes that contain elevated gold values (Figure 3). However, that drilling is very sparse and does not fully test the anomaly. The western part of the anomaly is tested with shallow (<20m) and ineffective RAB drilling. Soil sampling at the Kiaki Soaks prospect in the southeast of the Mt Monger Project area has identified two very significant gold anomalies (Figure 5). Both of these anomalies trend in a north-northeast direction and have coherence over in excess of 3km in strike length. The more easterly of the two anomalies closely correlates with known mineralisation defined by previous drilling at the Kiaki Soaks prospect area. The coherence of the anomaly to the north indicates that there may be a significant extension to the known mineralised structure is only partially tested with drilling. In addition, soil sampling has defined a second, sub-parallel zone of gold anomalism of similar magnitude that may represent another mineralised structure (or structures). This anomaly has not been tested with previous drilling. Announcement • Sep 13
Mt Monger Resources Limited Provide Shareholders with an Update on the Company's Exploration Activities At Both the Mt Monger Project and the East Laverton Project Mt Monger Resources Limited provide shareholders with an update on the Company's exploration activities at both the Mt Monger Project and the East Laverton Project. Field programs are continuing in both areas. Results are still awaited from the recent 3,000 metre RC percussion drilling program targeting gold mineralisation at the Duchess of York Prospect area. Field reconnaissance of key prospect areas at the East Laverton Project is due to commence later this month. The priority for this work is to inspect and sample the lithologies associated with the known rare earth element (REE) anomaly in the Pt Kidman Prospect area and to assess the suitability of the area for geochemical sampling. The Company is currently advancing a program of soil sampling along strike to the southeast of the Duchess of York Prospect on tenement P25/2489, where a geophysical interpretation indicates a continuation of the mineralised structure. A comprehensive review of historical information indicates that no effective exploration has been completed in this prospective area and drilling will be required to test any surface gold anomalies that are defined by the sampling. Announcement • Jul 15
Mt Monger Resources Limited has completed an IPO in the amount of AUD 5 million. Mt Monger Resources Limited has completed an IPO in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012