Metal Bank Ltd
Metal Bank Limited is a mineral exploration company, which holds a portfolio of copper, cobalt and gold exploration projects.
The business
Metal Bank Limited is a mineral exploration company, which holds a portfolio of copper, cobalt and gold exploration projects. It holds a 75% interest in the Livingstone Gold Project located 140 kilometers (km) northwest of Meekatharra in Western Australia and includes 395 square kilometers (km2) of granted exploration licenses covering the entire western arm of the Proterozoic Bryah-Padbury Basin. Its 8 Mile project is located near the Mt Rawdon gold deposit in south-east Queensland, Australia. It has the right to earn up to 80% of the Millennium Cobalt-Copper-Gold project, located approximately 35km west-northwest (WNW) of Cloncurry and 19 km from the Rocklands copper-cobalt processing facility in North Queensland. Wild Irishman project is located approximately 20km south-east of Gin Gin, Queensland. The Eidsvold project has identified a range of gold targets, including Mt Brady, Mt Jones, Great Eastern Target, Forty Horse, Tower Hill, all located in Southeast Queensland.
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Latest news
Metal Bank Acquires Hastings Technology Metals’ WA Gold Assets for $2.3 Million
Gold-focused junior Metal Bank (ASX: MBK) will acquire the Western Australian exploration assets of Hastings Technology Metals (ASX: HAS) for $2.3 million consideration by way of a share placement. The deal will include the Whiteheads project in the eastern goldfields (held through Hasting’s subsidiary Great Western Gold), the Ark project in the Gascoyne region (held […]
Kingston Resources receives $1.5m milestone payment for Livingstone sale to Metal Bank
Kingston Resources’ (ASX: KSN) cash pile has improved after the company received a $1.5 million milestone payment as part of the sale of its Livingstone gold project to Metal Bank (ASX: MBK) last year. Metal Bank purchased Livingstone in December last year for a total consideration of $10 million – comprising a $2.5 million up-front […]
Kingston Resources to complete Mineral Hill mine acquisition after Livingstone sale settled
Kingston Resources (ASX: KSN) is now moving ahead to become a gold producer after receiving the first $3.5 million for the sale of its long held Western Australian Livingston gold project. Kingston, which also has its flagship Misima gold project in Papua New Guinea, last month revealed it is buying the central New South Wales […]
Kingston Resources sells Livingstone gold project to Metal Bank for $10m
Australian explorer Kingston Resources (ASX: KSN) has agreed to sell its 75% interest in the Livingstone gold project in Western Australia to Metal Bank (ASX: MBK) for a total consideration of up to $10 million. The transaction will see Kingston realise significant value for exploration work completed at the project to date, while retaining exposure to any future exploration […]
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