Marvel Gold Secures Government Approvals for Tanzania Project; Shares Up 7%

MT Newswires Live

2025/08/13

Marvel Gold (ASX:MVL) received all the required government approvals to complete the acquisition of Cobra Resources, owner of the Hanang project in Tanzania, according to a Wednesday filing with the Australian bourse.

Completion of the transaction will take place on or around Aug. 18, the filing said.

The company will begin its first work program at Hanang by submitting 3,455 soil samples for analysis, with results expected in two weeks, according to the filing.

Shares rose 7% in morning trade on Wednesday.

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