MHM - Mount Hope Mining

[System]

Mount Hope Mining Limited is an Australian public company incorporated on 27 May 2024 for the purpose of pursuing exploration opportunities within the resources sector.

Since incorporation, the Company has entered into a share purchase agreement (Acquisition Agreement) with Land and Mineral Pty Ltd, Fisher Resources Pty Ltd and Unico Silver Limited pursuant to which the Company has agreed to acquire 100% of the issued capital of Fisher Resources.

Pursuant to the Acquisition Agreement, the Company has agreed to acquire a 100% legal and beneficial interest in the Mount Hope Project through the acquisition of 100% of the issued capital of Fisher Resources.

The Mount Hope Project is a 175km2 tenement package located in the Cobar basin in central New South Wales, comprising four (4) granted exploration licences EL6837, EL8058, EL8290 and EL8654.

The Mount Hope Project is prospective for gold and copper mineralisation.

Within the Mount Hope Project there are five (5) key prospects named the Mt Hope East, Black Hill, Main Road East, Little Mt Solitary and the Mt Solitary to Mt Solar trend.

It is anticipated that MHM will list on the ASX during December 2024.

Mount Hope – Be Part of the Adventure

 

[Dona Ferentes]

Listing date	09 December 2024 ; 12:00 PM AEDT ##
Contact details	https://www.mounthopemining.com.au/ Ph: +61 419 848 247
Principal Activities	Mining exploration
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	MHM
Capital to be Raised	$6,000,000
Expected offer close date	19 November 2024
Underwriter	Not underwritten. Whistler Wealth Management Pty Ltd, Prenzier Group Pty Ltd (Joint Lead Manages).

 

[Dona Ferentes]

listed yesterday at 20c...

 

[Dona Ferentes]

still at soil sample stage

3 months since IPO

 

[Dona Ferentes]

March 25 Q Highlights:
- Ground gravity survey completed
• Over ~97 km² with 1,732 stations; data under review by Southern Geoscience Consultants to support 3D targeting

- Positive soil survey results
• Confirms high-grade lead, copper and silver anomalies at Mount Hope East and Black Hill; Stage 2 of the soil survey is underway

- Reprocessing of historical and open-file
aeromagnetic datasets
• Enhanced structural interpretation contributing to drill target generation

- Open file regional data integration
• Acquisition and integration of all open file data within a 20km radius of the Mount Hope Project Tenements to improve on existing targets and generate new ones

▪ Exploration expenditure was $108,698 for the March quarter.
▪ Cash balance of $4,524,079 at 31 March 2025.

June 2025 Quarter - Planned Activities
▪ Finalise interpretation of gravity survey data and integrate with 3D geological modelling.
▪ Complete Stage 2 soil geochemistry program and compile results from new target areas.
▪ Begin IP/EM geophysical survey over the highest-priority target zones.
▪ Advance target prioritisation for maiden drill program
▪ Complete and submit regulatory permits required for the maiden drill program.
▪ Secure drilling contractor
▪ Complete Loyalty Option Subscription

since listing