# MBG: Further EIS grant to co-fund diamond drilling at Murphy Well Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mbg-further-eis-grant-to-co-fund-diamond-drilling-at-murphy-well--1e97a9e5-35f6-4d03-b9c5-447a1bf34f12 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152196 Publisher: asx Original announcement: 2026-10-13T23:53:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-14T00:13:40.674Z Atlas analysis updated: 2026-10-14T00:13:40.674Z - Company: MB Gold Limited - Ticker: MBG - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: Silver, Lead, Zinc - Document categories: Other, Drill results - Extracted: 2026-10-14 00:13:41 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary MB Gold has been awarded up to $220,000 in EIS co-funding to support a 2,000m maiden diamond drilling program at the Murphy Well Prospect. The drilling is scheduled to commence in November 2026 to test high-priority chargeability anomalies identified by recent geophysical surveys. Reasoning: The announcement secures non-dilutive government funding to test high-priority geophysical anomalies via a new diamond drilling program. - Positive factor: Government co-funding secured - Positive factor: High-priority geophysical targets identified - Positive factor: Maiden diamond drilling program scheduled Facts used in scoring: 8 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The document references historical results contained in a prospectus and JORC compliant reports. Evidence · text > Information on historical exploration results presented in this announcement, together with JORC table 1 information, are contained in the Independent Technical Assessment Report within the Company's prospectus ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### MBRC0608 [Link to this fact](https://atlas-staging.minestarters.com/news/mbg-further-eis-grant-to-co-fund-diamond-drilling-at-murphy-well--1e97a9e5-35f6-4d03-b9c5-447a1bf34f12#fact-drill-facts-0) Marble Bar · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: MBRC0608 - Project: Marble Bar - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MBG #### Geometry - Grade: 1.1 - Grade Unit: g/t - Intercept: 5 m - From: 219 m - To: 224 m - Intercept Depth: 219 m #### Classification - Sample Type: drill - Group ID: MBRC0608:219-224 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-04T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Historical intercept reported for context. Evidence · text > 5m @ 1.1g/t Au, 15g/t Ag, 0.3% Pb, 0.23% Zn from 219m in MBRC0608 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MB Gold benefits from excellent infrastructure and accessibility adjacent to and into the project area." ### MBRC0608 [Link to this fact](https://atlas-staging.minestarters.com/news/mbg-further-eis-grant-to-co-fund-diamond-drilling-at-murphy-well--1e97a9e5-35f6-4d03-b9c5-447a1bf34f12#fact-drill-facts-1) Marble Bar · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: MBRC0608 - Project: Marble Bar - Commodity: silver - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MBG #### Geometry - Grade: 15 - Grade Unit: g/t - Intercept: 5 m - From: 219 m - To: 224 m - Intercept Depth: 219 m #### Classification - Sample Type: drill - Group ID: MBRC0608:219-224 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-04T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Historical intercept reported for context. Evidence · text > 5m @ 1.1g/t Au, 15g/t Ag, 0.3% Pb, 0.23% Zn from 219m in MBRC0608 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MB Gold benefits from excellent infrastructure and accessibility adjacent to and into the project area." ### MBRC0608 [Link to this fact](https://atlas-staging.minestarters.com/news/mbg-further-eis-grant-to-co-fund-diamond-drilling-at-murphy-well--1e97a9e5-35f6-4d03-b9c5-447a1bf34f12#fact-drill-facts-2) Marble Bar · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: MBRC0608 - Project: Marble Bar - Commodity: lead - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MBG #### Geometry - Grade: 0.3 - Grade Unit: % - Intercept: 5 m - From: 219 m - To: 224 m - Intercept Depth: 219 m #### Classification - Sample Type: drill - Group ID: MBRC0608:219-224 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-04T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Historical intercept reported for context. Evidence · text > 5m @ 1.1g/t Au, 15g/t Ag, 0.3% Pb, 0.23% Zn from 219m in MBRC0608 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MB Gold benefits from excellent infrastructure and accessibility adjacent to and into the project area." ### MBRC0608 [Link to this fact](https://atlas-staging.minestarters.com/news/mbg-further-eis-grant-to-co-fund-diamond-drilling-at-murphy-well--1e97a9e5-35f6-4d03-b9c5-447a1bf34f12#fact-drill-facts-3) Marble Bar · zinc Historical result Needs review: historical\_restatement #### Identity - Hole ID: MBRC0608 - Project: Marble Bar - Commodity: zinc - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MBG #### Geometry - Grade: 0.23 - Grade Unit: % - Intercept: 5 m - From: 219 m - To: 224 m - Intercept Depth: 219 m #### Classification - Sample Type: drill - Group ID: MBRC0608:219-224 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-04T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Historical intercept reported for context. Evidence · text > 5m @ 1.1g/t Au, 15g/t Ag, 0.3% Pb, 0.23% Zn from 219m in MBRC0608 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MB Gold benefits from excellent infrastructure and accessibility adjacent to and into the project area." ### MWDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/mbg-further-eis-grant-to-co-fund-diamond-drilling-at-murphy-well--1e97a9e5-35f6-4d03-b9c5-447a1bf34f12#fact-drill-facts-4) Marble Bar · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: MWDD002 - Project: Marble Bar - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MBG #### Geometry - Grade: 9.92 - Grade Unit: g/t - Intercept: 1 m - From: 341 m - To: 342 m - Intercept Depth: 341 m #### Classification - Sample Type: drill - Group ID: MWDD002:341-342 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-04T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Historical high-grade intercept reported for context. Evidence · text > 1m @ 9.92g/t Au, 39g/t Ag, 0.45% Pb, 2% Zn from 341m in MWDD002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MB Gold benefits from excellent infrastructure and accessibility adjacent to and into the project area." ### MWDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/mbg-further-eis-grant-to-co-fund-diamond-drilling-at-murphy-well--1e97a9e5-35f6-4d03-b9c5-447a1bf34f12#fact-drill-facts-5) Marble Bar · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: MWDD002 - Project: Marble Bar - Commodity: silver - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MBG #### Geometry - Grade: 39 - Grade Unit: g/t - Intercept: 1 m - From: 341 m - To: 342 m - Intercept Depth: 341 m #### Classification - Sample Type: drill - Group ID: MWDD002:341-342 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-04T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Historical intercept reported for context. Evidence · text > 1m @ 9.92g/t Au, 39g/t Ag, 0.45% Pb, 2% Zn from 341m in MWDD002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MB Gold benefits from excellent infrastructure and accessibility adjacent to and into the project area." ### MWDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/mbg-further-eis-grant-to-co-fund-diamond-drilling-at-murphy-well--1e97a9e5-35f6-4d03-b9c5-447a1bf34f12#fact-drill-facts-6) Marble Bar · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: MWDD002 - Project: Marble Bar - Commodity: lead - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MBG #### Geometry - Grade: 0.45 - Grade Unit: % - Intercept: 1 m - From: 341 m - To: 342 m - Intercept Depth: 341 m #### Classification - Sample Type: drill - Group ID: MWDD002:341-342 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-04T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Historical intercept reported for context. Evidence · text > 1m @ 9.92g/t Au, 39g/t Ag, 0.45% Pb, 2% Zn from 341m in MWDD002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MB Gold benefits from excellent infrastructure and accessibility adjacent to and into the project area." ### MWDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/mbg-further-eis-grant-to-co-fund-diamond-drilling-at-murphy-well--1e97a9e5-35f6-4d03-b9c5-447a1bf34f12#fact-drill-facts-7) Marble Bar · zinc Historical result Needs review: historical\_restatement #### Identity - Hole ID: MWDD002 - Project: Marble Bar - Commodity: zinc - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MBG #### Geometry - Grade: 2 - Grade Unit: % - Intercept: 1 m - From: 341 m - To: 342 m - Intercept Depth: 341 m #### Classification - Sample Type: drill - Group ID: MWDD002:341-342 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-02-04T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Historical intercept reported for context. Evidence · text > 1m @ 9.92g/t Au, 39g/t Ag, 0.45% Pb, 2% Zn from 341m in MWDD002 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "MB Gold benefits from excellent infrastructure and accessibility adjacent to and into the project area." ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.