M24 mamba exploration limited

M24_Chart

  1. 2,808 Posts.
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    M24's price action is in the value zone, made all-time lows last year (& retested it in April), and is consolidating sideways forming a solid base here. It is testing resistance now & may well be establishing that M Sparkes higher low.
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    During the 2025 June quarter, the Company undertook a detailed review of its Western Australian asset base. A key outcome of the review was the decision to reinvigorate exploration activities at the Ashburton Project, where the geological setting and historical results provide strong encouragement for further work targeting gold. The ASX ANNOUNCEMENT from 27 January 2022 included the Managing Director, Mike Dunbar saying, “It is pleasing to report that the auger geochemical sampling at the Ashburton Project has identified an anomaly of considerable size that warrants RC drill testing. To identify an anomaly with up to 15 times the background level of gold is encouraging. Additionally, to confirm the historical high-grade sample results with our own rock chip sampling provides additional support for the target."

    Daily chart: Something looks familiar about that chart - Seems to be one for the watch list & a nice Bottom Pick

    https://hotcopper.com.au/data/attachments/7285/7285615-b6d82f3725f11ef0f7e3583bb97b17b7.jpg

 
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