MEG
Director Trades
| Date | Director | Value |
|---|---|---|
| A. Hall | $34,817 | |
| A. Hall | $4,159 |
Company News
Australian explorers rush to join Canada’s lithium boom
The call of Canada is being heard clearly by Australian lithium hopefuls, with some of the best-known names from the Aussie mining boom heading north to ride a wave driven by the US Government’s trade protection policies. Ken Brinsden, the key man in growing Pilbara Minerals (ASX: PLS) from penny dreadful to $13 billion member […]
Megado Minerals bolts lithium project on to its critical metals portfolio
Lithium will be sought in parallel to rare earths at Megado Minerals (ASX: MEG) with the junior acquiring a 130sq km lithium property in Canada’s exploration hotspot of James Bay, Quebec. The company, which also owns the North Fork rare earths project in Idaho, says the new Cyclone lithium project in Canada includes a package […]
Megado Gold kicks off maiden drilling program in Ethiopia
Ethiopia explorer Megado Gold (ASX: MEG) has begun a maiden drilling program on the key Babicho project where, in the 1990s, sampling delineated a “coherent and highly significant” 2km-long gold-in-soil anomaly. This anomaly coincides with a major north-south trending shear zone that hosts the Lega Dembi and Sakaro gold deposits (with more than 3 million ounces between […]
Megado Gold confirms safety of onsite exploration team amid political unrest in Ethiopia
Explorer Megado Gold (ASX: MEG) has assured the market that its Ethiopia-based team remains safe amid rising security concerns in the country’s northern Tigray region, approximately 1,000 kilometres from the company’s flagship gold projects. Megado said it would continue to monitor the evolving situation, which started earlier this month when conflict broke out between the […]
Megado’s geologists discover visible gold during fieldwork at Chakata
During fieldwork Megado Gold (ASX: MEG) geologists have discovered visible gold in outcropping quartz veins ahead of its maiden drilling program at Chakata in Ethiopia. The fieldwork has continued to identify artisanal workings across the project as well as visible gold in outcropping mineralisation. Commenting on the fieldwork success, Megado chief executive officer and managing […]
Megado Gold reports historic 2km-long gold anomaly in Ethiopia, drilling next week
Recently listed Megado Gold (ASX: MEG) reports it now has records that historic sampling in the 1990s at its Babicho gold project in Ethiopia delineated a “coherent and highly significant” 2km-long gold-in-soil anomaly. This anomaly coincides with a major north-south trending shear zone that hosts the Lega Dembi and Sakaro gold deposits (with more than […]
Megado Gold hits ASX boards ahead of Ethiopia gold drilling
Pure gold play Megado Gold (ASX: MEG) makes its debut on the ASX today and will hit the ground running with a maiden drilling campaign slated to start in the next two weeks. The Ethiopia-focused explorer already has extensive sampling, mapping and trenching underway on its projects. Its listing follows a strongly supported $6 million […]
Looking elsewhere for golden value on the ASX
The gaze of ASX gold watchers has averted from the exploration minnows to the top end of town, after the stunning ‘merger of equals’ of Northern Star Resources (ASX: NST) and Saracen Minerals (ASX: SAR) that will create the world’s sixth biggest gold miner by market capitalisation. We say ‘stunning’ because no one really expected […]
Megado Gold confirms early close of $6 million IPO after strong demand
Ethiopia-focused explorer Megado Gold has closed a $6 million initial public offering (IPO) launched earlier this month following strong support from the global investment community. Managed by Canaccord Genuity (Australia), the IPO offered 25 million ordinary shares at $0.20 each to raise a minimum $5 million and was able to take $1 million in oversubscriptions. […]
Megado Gold IPO to finance exploration in the land of the famed Queen of Sheba and her gold
Megado Gold has launched its initial public offering and brings to the market five granted exploration licences and one licence application located in Ethiopia — a country which had a large gold mine operating some 6,000 years ago. This is a gold hunt in the land of the Biblical figure, the Queen of Sheba. Sheba […]
