Latest MOUNT BURGESS MINING (ASX:MTB) News

Mount Burgess Mining NL has initiated reverse circulation drilling at the Viking Gold Project in Western Australia, targeting a promising high-grade shallow gold zone at the Beaker 2 prospect. This marks a key step in unlocking value from their newly acquired asset.

Mount Burgess Mining has extinguished nearly $4.7 million in legacy debt and acquired promising gold projects in Western Australia, positioning itself for growth with a fresh capital raise and new board leadership.

Mount Burgess Mining has completed a $900,000 placement at a premium to recent trading prices, setting the stage for upcoming gold exploration drilling at its Viking and Blair North prospects.

Mount Burgess Mining (MTB) has responded to an ASX price query, confirming no undisclosed material information beyond previously announced gold project acquisitions and debt conversion plans ahead of its upcoming EGM.

Mount Burgess Mining has inked binding agreements to acquire two promising high-grade gold projects in Western Australia, setting the stage for exploration drilling in late 2025 backed by a $900,000 capital raise.

Mount Burgess Mining advances metallurgical test work at its Nxuu deposit, navigates leadership changes, and pursues a significant legacy debt extinguishment as it refines its strategic focus.

Mount Burgess Mining NL has secured agreements to extinguish nearly $4.7 million in legacy debt, converting a small portion into equity and options, positioning the company for renewed growth.

Mount Burgess Mining has raised $221,806 through a share placement aimed at advancing its Kihabe-Nxuu Project and supporting ongoing operations.

Mount Burgess Mining has unveiled a strategic plan prioritizing operational sustainability, advancing its Kihabe–Nxuu polymetallic project in Botswana, and expanding its asset portfolio through acquisitions and partnerships.

Mount Burgess Mining NL has had its trading suspension lifted following a court ruling validating a recent cleansing notice, allowing shares to re-enter the market from 20 May 2025.

Mount Burgess Mining has applied to the Supreme Court of Western Australia for orders to validate previous share sales and extend deadlines for cleansing notices, aiming to shield sellers from civil liability. The hearing is set for 19 May 2025.

Mount Burgess Mining announces the immediate resignation of long-serving Chairman Nigel Forrester due to ill health, appointing Dr. Steve Lennon as the new Executive Chairman to steer the company forward.