Mamba Exploration Limited
M24.AX
Australian Securities Exchange0.02
AUD
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Mamba Exploration Limited
M24.AX
(Australian Securities Exchange)
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0.02
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yld
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ROIC.AI
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- Mamba Exploration Limited is an Australia-based mineral exploration and resource development company focused on the exploration of nickel, copper, gold, uranium, and rare earth elements. The company operates through two main geographical segments: Australia and Canada. In Australia, it holds exploration projects in Western Australia, including the Ashburton/Gascoyne, Kimberley, Darling Range, Hyden, and Great Southern regions. Its project portfolio includes the Hyden Rare Earth Element (REE) Project, Kimberley Project, Ashburton Project, Calyerup Creek Project, Canary Project, and additional mining prospects covering a combined area of several hundred square kilometers. In Canada, Mamba Exploration is developing uranium projects in the Athabasca Basin, Saskatchewan, one of the world’s leading uranium districts, with drill-ready targets at its Canary Project near IsoEnergy’s Hurricane Deposit. The company’s core products and services encompass exploration and development activities targeting nickel, copper, gold, uranium, and rare earth elements. It engages in geophysical surveys, drilling programs, mineral resource evaluation, and resource development with an emphasis on high-potential, early-stage mineral exploration projects. Mamba Exploration leverages partnerships, notably with Standard Uranium in Canada, to access specialist technical expertise and advance drilling operations. This integrated approach supports its strategic goal of resource growth in critical and battery metals as well as uranium for the clean energy sector. Recent major developments include the acquisition of the Canary uranium project in Canada and the commencement of drilling programs there, marking a significant expansion into the uranium space with high-grade targets identified near established deposits. In Australia, Mamba Exploration has extended the option on its Hyden rare earth elements project and initiated shallow drilling programs to probe promising gravity anomalies, enhancing its portfolio in strategic minerals critical for technological applications. The company also conducted an airborne electromagnetic survey at the Kimberley project to identify copper and silver targets. Financially, it raised approximately AUD 265,000 through share issuance in 2025 to support its exploration activities and maintain a strong cash position exceeding AUD 1 million as of March 2025. Founded in 2017, Mamba Exploration Limited is headquartered in Perth, Western Australia. The company continues to develop its project pipeline through focused exploration and strategic acquisitions, aiming to position itself within the growing market for battery metals, precious and base metals, and uranium deposits across two continents. This overview reflects the company’s comprehensive exploration efforts, recent strategic expansions, and its positioning within the mineral resources sector in Australia and Canada as of late 2025.