MMA passes 15,000m of drilling and plans A$20m placement to speed up project
MMA has drilled over 15,000 metres and plans an A$20m placement to accelerate work, subject to shareholder approval, according to TradingView.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Australian miner MMA reported that its infill drilling has passed 15,000 metres. High-grade silver-lead results and copper-gold intercepts support a resource update in the fourth quarter of fiscal 2027 and a pre-feasibility study by mid-2027.
After the quarter ended, the company plans to raise A$20m through a placement. The funds would support faster work, but the deal requires shareholder approval. The information is based on TradingView's report.
why it matters
For metals markets this is a routine update from a small project, so the impact is limited. A placement could dilute existing shareholders, and the timing of the resource update will depend on results from further drilling.
tags
instruments
sources
- MMA: 15,000m drilled; A$20m placement targets faster progress toward feasibility — TradingView, 20 October 2026 at 22:44 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗