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Mining industry

M3 Mining Limited Provides Update on Corporate and Exploration Activities in June 2025 Quarter

Strategic Insights

— 2 min read

M3 Mining Limited (ASX: M3M) has issued a news release providing an update on its corporate and exploration activities during the June 2025 quarter. The Company is exploring for orogenic gold deposits at its Edjudina Project and sedimentary-hosted copper deposits at its Victoria Bore Project, both located in Western Australia. The Company is undertaking a strategic reset and reviewing its current operations and future direction, with a focus on strengthening internal controls, ensuring operational transparency, and identifying opportunities that align with its core capabilities and deliver sustainable shareholder value.

Key Takeaways:

  • M3 Mining Limited is exploring for orogenic gold deposits at its Edjudina Project and sedimentary-hosted copper deposits at its Victoria Bore Project in Western Australia.
  • The Company is undertaking a strategic reset, reviewing its current operations and future direction, and focusing on strengthening internal controls and risk management.
  • Non-Executive Director, Eddie King, stated that the new board is determined to restore the Company to clear strategic focus, financial discipline, and fidelity to shareholders' interests.
  • The Edjudina Project covers a section of the established mineralised trend along the Keith-Kilkenny Tectonic Zone, with no large-scale mining having occurred within the tenement area.
  • The Victoria Bore Copper Project is centred on the historic Victoria Copper Mine, which produced high-grade copper averaging 32.7% Cu for 62.5t of copper from near surface in the 1950s.
  • The Company completed follow-up work on the widespread soil sampling program, with field activities undertaken to follow up on priority base metals, gold, and REE targets.
  • 33 rock chips and 133 soil samples were collected during the program and have been submitted for assay, with results pending.
  • The Company has advised the market of changes to its Board of Directors, following the receipt of a shareholder meeting requisition under Section 249D of the Corporations Act 2001 (Cth).
  • Mr Simon Eley and Mr Dermot O'Keeffe resigned from the Board, and Mr Alan Armstrong and Mr Tyler Formica were appointed as Non-Executive Directors.
  • The Company entered into an agreement to sell its wholly-owned subsidiary, M3 Energy Pty Ltd, to Jerboa Energy Ltd, with Jerboa paying the Company $10,000 on the business day after execution of the agreement.

Statistics:

  • The Edjudina Project covers an area of approximately 150km northeast of Kalgoorlie, Western Australia.
  • The Victoria Bore Copper Project is located approximately 120km south of the town of Onslow and 130km southeast of Exmouth, Western Australia.
  • The Company has cash held as of 30 June 2025 of approximately $0.84m.
  • 33 rock chips and 133 soil samples were collected during the program.
  • The Company received $10,000 from Jerboa Energy Ltd on the business day after execution of the agreement.

Sources:

  • M3 Mining Limited (2025, June). M3 Mining Limited provides update on corporate and exploration activities during the June 2025 Quarter.
  • Appendix 5B: M3 Mining Limited (2025, June).
  • ASX Announcement: M3 Mining Limited (2025, June).

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