Edjudina Soil Sampling Highlights Gold Zones; M3 Advances $2.9M Market Cap Plans

Edjudina Project Exploration Update

M3 Mining Limited (ASX: M3M) has delivered an encouraging update on its 100% owned Edjudina Gold Project, situated approximately 150km northeast of Kalgoorlie in Western Australia. The company recently completed a systematic soil sampling program at key prospects within the project area, including Broken Hill Bore and Old Plough Dam, utilising portable X-ray fluorescence (pXRF) technology to rapidly assess multi-element geochemical signatures.

The pXRF analysis has identified compelling pathfinder elements associated with gold mineralisation, notably arsenic, sulphur, and copper, which suggest that mineralisation at Broken Hill Bore extends beyond the historically mined zones. This prospect hosts multiple historic workings with recorded grades reaching up to 65 g/t gold, underscoring the potential for further high-grade discoveries.

At Old Plough Dam, the northeast zone exhibits geochemical and geological characteristics reminiscent of the nearby Twin Peaks gold mine, a well-known orogenic gold deposit. Elevated levels of iron, manganese, vanadium, and other pathfinder elements reinforce the prospectivity of this area, prompting plans for tighter-spaced soil sampling and targeted bedrock geochemical testing to refine drill targets.

Advancing Systematic Exploration and Base Metals Assessment

In addition to gold-focused efforts, M3 Mining has completed preliminary exploration at Victoria Bore, assessing multiple high-priority base metals targets. While laboratory assay results are still awaited, this work complements the company’s broader strategy of applying cost-effective, phased exploration techniques to unlock value across its tenement portfolio.

Executive Director Simon Eley emphasised the significance of these early-stage findings, stating that the results provide a strong platform for follow-up programs aimed at validating and expanding the identified mineralisation zones. The company’s methodical approach, combining modern geochemical tools with historical data, aims to systematically prioritise targets for future drilling campaigns.

Corporate Developments: North African Energy Asset Pursuit

Beyond its mineral exploration activities, M3 Mining’s wholly owned subsidiary, M3 Energy Pty Ltd, is actively progressing discussions to secure an energy asset in North Africa. The company has engaged with regional government officials and administrative bodies overseeing energy projects, advancing through regulatory and funding discussions. While no final agreements have been reached, this strategic diversification signals M3 Mining’s intent to broaden its asset base and leverage opportunities in the energy sector.

The acquisition process remains ongoing, with the company committed to providing timely updates and fulfilling all necessary disclosure and approval requirements as negotiations proceed.

Looking Ahead

M3 Mining’s next steps at Edjudina include targeted bedrock geochemical sampling at Broken Hill Bore to validate soil anomalies and assess mineralisation depth, alongside more detailed soil sampling at Old Plough Dam’s prospective zones. These activities will inform the design of initial drilling programs, which are eagerly anticipated by investors seeking confirmation of the project’s potential.

Meanwhile, the progress of the North African energy asset acquisition will be closely watched as a potential catalyst for corporate growth beyond the mining sector.