Latest Minerals Exploration (NZX:MEX) News

Minerals Exploration has shifted decisively into New Zealand gold and tungsten, but its annual report flags a $2.66 million loss and a material uncertainty over its ability to continue without further funding. Exploration results are encouraging, though the company has yet to establish a mineral resource or economic discovery.

Minerals Exploration Limited (ASX/NZX: MEX) has revealed wide gold mineralisation from its maiden drilling at the Scotia Prospect, while ongoing drilling at Jubilee confirms deeper structures. High-grade assays at Invincible set the stage for maiden drilling there.