M3M - M3 Mining

[System]

M3 Mining Limited is an Australian based, base metal and gold exploration company focussed on the exploration and development of high-grade deposits in tier 1 locations.

The Company holds 100% of the interests in the Projects comprising the:

• Victoria Bore Project; and
• Edjudina Project.

The first of M3 Mining’s two projects is the Victoria Bore Copper Project located in the Pilbara region of WA. Victoria Bore is the Company's flagship base metals project and was mined in the 1950s producing high grade copper ore with grades averaging 32.7% from near surface workings. Samples taken from the old mine area support these grades with samples containing up to 49% copper.

M3 Mining has identified two strong conductors generated from an MLEM survey, one of which is centred on the mine workings and in part possibly associated with this high-grade mineralisation. A lack of historical exploration drilling at depth or along strike provides excellent targets for the initial drilling program.

The second Project is the Edjudina Gold Project located 150km northeast of Kalgoorlie in the Eastern Goldfields in Western Australia, a region actively explored by major mining companies and hosting multiple tier 1 world class gold deposits. The Edjudina Project contains historical workings and zones of outcropping mineralisation, however because of soil cover that obscures large parts of the tenements, the project is considered not to have been adequately explored in the past. The structural setting of the project being located adjacent to the major Keith-Kilkenny Fault zone provides excellent target opportunities.

It is anticipated that M3M will list on the ASX during July 2021.

Home - M3 Mining Limited

Highly prospective copper and gold exploration projects in a premier mining jurisdiction Victoria Bore Copper Project The Victoria Bore Project is located approximately 120 km south of the coast town of Onslow and 130km south east of Exmouth in Western Australia. Historic shallow high grade...

m3mining.com.au

 

[Dona Ferentes]

Listing date	22 July 2021 11.30AM AEST ##
Company contact details	M3 Mining +61 08 6365 5200
Principal Activities	Exploration of minerals including gold and base metals
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	M3M
Capital to be Raised	$4,600,000
Expected offer close date	24 June 2021
Underwriter	Not underwritten. Discovery Capital Partners Pty Ltd (Lead Manager)

 

[Dona Ferentes]

M3M opened on the ASX today at 18c, a few hours in, now trading 19c - 19.5c

 

[Dona Ferentes]

Russell Davis and Simon Eley have created resources companies that generated significant value for shareholders. Now they are backing newly listed ASX company M3 Mining, which has promising gold/copper exploration assets in Western Australia.

New ASX Listing M3 Mining in Experienced Hands - ShareCafe

Experienced mining executives Russell Davis and Simon Eley are backing newly listed ASX company M3 Mining, which has promising gold/copper exploration assets in Western Australia.

www.sharecafe.com.au

 

[finicky]

Gee what a humble pair of guys, particularly the way they defer to each others egos. I was surprised to see they have done the normal thing and awarded themselves lots of 3 year not far out of the money options. Interesting projects though and they have past wins on the board so might pick up a few in the crash at half the exercise price of their free options as an investment in humility.