Multi-asset battery metals explorer MetalsGrove (ASX: MGA) recaps its first quarter since its successful $6m IPO in June.
MetalsGrove has a strategic portfolio of exploration and near-term development assets, with a total of five projects across the Northern Territory and Western Australia.
Lithium, tin and tantalum
Airborne magnetic and radiometric (AMR) survey in September. Surface geochemical and sampling program to run concurrently
AMR survey in September. Detailed surface mapping to follow
Copper, lead, zinc and gold
AMR survey in September. Ongoing consultations for exploration permits
Gold, copper and rare earths
AMR survey in September. Aggressive drilling to follow, likely in October
Zinc, lead and rare earths
AMR survey in September
MetalsGrove is currently trading below cash - meaning its market cap is lower than the company's cash holdings.
At June quarter end, MetalsGrove had $6.69m in cash. At its current share price of 14m cents, the company has a market cap of $5.0m.
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