Mamba Exploration Confirms Uranium Mineralization at Canadian Project; Shares Fall 14%

MT Newswires Live

2024/09/20

Mamba Exploration (ASX:M24) identified localized anomalous uranium and pathfinder elements typical of basement-hosted uranium deposits from an inaugural drill program at its Canary project in Canada, according to a Friday filing with the Australian Securities Exchange.

The program comprised 1,863 meters of diamond drilling across four holes. Follow-up targets are being planned as geological data from the program is processed and interpreted, the filing said.

Shares fell more than 14% in midday trade.

Price (AUD): $0.01, Change: $-0.0020, Percent Change: -14.29%

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