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    MBK   AU000000MBK5

METAL BANK LIMITED

(MBK)
End-of-day quote. End-of-day quote Australian Stock Exchange - 11/29
0.008 AUD   -11.11%
11/28METAL BANK : Results of Annual General Meeting
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11/28METAL BANK : Annual General Meeting Presentation
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11/17METAL BANK : Release of Target Market Determination
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Metal Bank Limited Announces Full Assay Results from the Initial RC Drilling Program At the Millennium Copper, Cobalt and Gold Project

09/22/2021 | 07:41pm EST

Metal Bank Limited announced full assay results from the initial RC drilling program at the Millennium copper, cobalt and gold (Cu-Co-Au) project near Mt Isa, Queensland have now been received. This follows previous high grade Cu-Co-Au results returned from the initial two holes into the Central Area. Results reported are from 5 drill holes targeting northern extensions 800-1000m along strike of the main Millennium Inferred Resource of 5.9Mt @ 1.08% CuEq as defined by Hammer Metals in 2016. Results include: 7m @ 0.30% Cu from 18m (MI21RC03); 8m @ 0.76% Cu from 62m (MI21RC05); 5m @ 0.29% Cu from 1m and 13m @ 0.32% Cu from 11m within a broader interval of 24m @ 0.27% Cu from surface (MI21RC06). Results support Metal Bank's exploration approach at Millennium to expand the known mineralisation and justify the surface soil copper anomalism within basement rock on the eastern contact of the regional Pilgrim/Fountain Range Fault system. Importantly, substantial hydrothermal alteration is developed in this area and may indicate proximal siting for metal transport and/or deposition. This may open up potential for additional resources along strike and/or peripheral to the known resource. The Millennium Project is an advanced exploration and development project located in the Mount Isa region on northwest Queensland, 19km from the Rocklands copper-cobalt processing facility. The Millennium Project holds a 2012 JORC-compliant Inferred Resource of 5.9MT @ 1.08% CuEq across 5 granted Mining Leases with significant potential for expansion, all proximal to processing solutions and excellent infrastructure in the Mount Isa region.


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All news about METAL BANK LIMITED
11/28METAL BANK : Results of Annual General Meeting
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11/28METAL BANK : Annual General Meeting Presentation
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11/17METAL BANK : Release of Target Market Determination
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Financials
Sales 2021 0,11 M 0,08 M 0,08 M
Net income 2021 -0,36 M -0,26 M -0,26 M
Net cash 2021 1,00 M 0,72 M 0,72 M
P/E ratio 2021 -21,9x
Yield 2021 -
Capitalization 9,51 M 6,77 M 6,80 M
EV / Sales 2020 661x
EV / Sales 2021 68,9x
Nbr of Employees -
Free-Float 44,4%
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Managers and Directors
Inés Louise Scotland Non-Executive Chairman
Guy Robertson Executive Director
Sue-Ann Higgins Secretary & Executive Director
Rhys Davies Exploration Manager
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