MetalsGrove Mining Limited
MGA.AX
Australian Securities Exchange0.10
AUD
+0.00
- -
MetalsGrove Mining Limited
MGA.AX
(Australian Securities Exchange)
Recent
price
0.10
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- 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.