MB Gold Advances Razorback Exploration and Removes Royalty Burden
MB Gold Limited (ASX: MBG) has achieved a significant milestone at its Marble Bar Gold Project in Western Australia after successfully completing a heritage survey at the Razorback Prospect in collaboration with the Nyamal Traditional Owners. The survey marks an important step toward advancing exploration activities while maintaining the company’s commitment to cultural heritage protection and responsible engagement with Indigenous stakeholders.
In addition to the survey completion, MB Gold has entered into a binding agreement with First Au Limited (ASX: FAU) to terminate the existing 0.75% net smelter royalty across several tenements, including the Razorback Prospect. The termination consideration involves the issuance of MB Gold shares valued at AU$50,000, which is expected to simplify the project structure and enhance future economic potential.
The company is now preparing for its Phase 2 exploration campaign, expected to include a 6,000-metre reverse circulation drilling program scheduled for August/September 2026, targeting Razorback along with the Twin Veins and Douglas Find prospects.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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MB Gold Advances Razorback Exploration and Removes Royalty Burden
MB Gold Limited (ASX: MBG) has achieved a significant milestone at its Marble Bar Gold Project in Western Australia after successfully completing a heritage survey at the Razorback Prospect in collaboration with the Nyamal Traditional Owners. The survey marks an important step toward advancing exploration activities while maintaining the company’s commitment to cultural heritage protection and responsible engagement with Indigenous stakeholders.
In addition to the survey completion, MB Gold has entered into a binding agreement with First Au Limited (ASX: FAU) to terminate the existing 0.75% net smelter royalty across several tenements, including the Razorback Prospect. The termination consideration involves the issuance of MB Gold shares valued at AU$50,000, which is expected to simplify the project structure and enhance future economic potential.
The company is now preparing for its Phase 2 exploration campaign, expected to include a 6,000-metre reverse circulation drilling program scheduled for August/September 2026, targeting Razorback along with the Twin Veins and Douglas Find prospects.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au