Heritage Survey Completed at Razorback Prospect and NSR Terminated
Key points
- Heritage survey successfully completed at Razorback Prospect
- Survey conducted in consultation with Nyamal Traditional Owners
- NSR terminated with consideration of MB Gold shares worth A$50,000
Full summary
MB Gold Limited has successfully completed a heritage survey at the Razorback Prospect within its Marble Bar Gold Project in Western Australia. The survey was conducted in collaboration with Nyamal Traditional Owners, reflecting MB Gold's commitment to heritage protection. Additionally, MB Gold has terminated a 0.75% NSR held by First Au over several tenements in exchange for fully paid ordinary shares worth A$50,000. The termination and issuance of shares are expected to be completed by 22 May 2026.
Guidance
MB Gold will issue shares worth A$50,000 as consideration for NSR termination.
Outlook
MB Gold plans to commence Phase 2 drilling in August/September 2026 to further explore the Razorback Prospect and other targets.
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