MetalsGrove Mining Limited
AASX:MGA0.08
AUD
-0.01
(-11.11%)
ISIN
AU0000223257
Return %
Stock
S&P 500
1Y
33.33
14.20
3Y
18.52
81.12
5Y
- -
68.34
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Li Jun Yang
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- Level 2, 389 Oxford Street Mount Hawthorn WA Australia 6016
- IPO Date
- Jul 4, 2022
- Website
- metalsgrove.com.au
- Similar Companies
- Business
- MetalsGrove Mining Limited (ASX:MGA) is an Australian-based mineral exploration company focused on the discovery and development of critical minerals deposits, including copper, gold, and base metals. The company holds a portfolio of exploration projects in Queensland and New South Wales, Australia, with key assets such as the extended Glenmore Copper-Gold Project, the Kappa Base Metals Project, and the Mt Perry Copper-Gold Project; it provides exploration services encompassing drilling programs, geophysical surveys, and resource definition studies targeted at junior mining investors and resource sector partners. Founded in 2022 and headquartered in Brisbane, Australia, MetalsGrove operates exclusively within Australia, emphasizing greenfield exploration in underexplored regions with high potential for Tier-1 discoveries. In recent developments, the company completed a A$7.1 million placement to sophisticated and institutional investors in May 2024 to fund accelerated exploration; it executed a A$1.25 million Flow-Through Share placement in June 2024; and in August 2024, it launched a major drilling program at the Glenmore Project comprising 5,000 meters of diamond and reverse circulation drilling to test multiple high-grade copper-gold targets. MetalsGrove Mining Limited continues to advance its strategy through aggressive exploration and capital raising amid rising demand for critical minerals.