MEX: Quarterly Activities/Appendix 5B Cash Flow Report
Minerals Exploration Limited reported new drill results from its Waitekauri Gold Project, confirming broad gold mineralisation at Jubilee South with intercepts such as 80.3m @ 0.30g/t Au. At the Invincible Gold-Tungsten Project, rock chip samples returned high-grade gold and tungsten, including up to 37.4g/t Au and 6.04% WO₃, highlighting strong exploration potential. The company ended the quarter with $1.96 million in cash, with an estimated funding runway of 1.91 quarters, indicating a need for future capital.