MTB.ASX: Company Update

Company Update

Stock	Mount Burgess Mining NL (MTB.ASX)
Release Time	16 Dec 2025, 8:54 a.m.
Price Sensitive	Yes

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Mount Burgess Mining Completes Viking Gold Drilling

Key Points

RC drilling completed at Viking Gold Project
Assay results expected in January 2026
Drilling at Blair North to commence in Q1 2026
Company to change name to Talonx Resources Limited

Full Summary

Mount Burgess Mining NL (ASX: MTB) has provided an update on its corporate activities and exploration on its 100% owned Western Australian gold projects. The company has successfully completed its maiden reverse circulation (RC) drilling campaign at the Viking Gold Project, located 30km southeast of Norseman in Western Australia. Assay results from the 10-hole program are expected in mid-January 2026. The company has also received Program of Works (PoW) approval for exploration drilling at the Blair North project, and plans are well-advanced for RC drilling to commence in Q1 2026. At the company's recent AGM, shareholders approved the change in the company's name to Talonx Resources Limited (with the ASX ticker code TXR). The company anticipates the changes will come into effect in early-mid January 2026.

Outlook

The company looks forward to sharing the results of the Viking drilling program early next year under its new name, Talonx Resources Limited.