TM1 -ann 13 June 2025 -- $4 MILLION STRATEGIC INVESTMENT SECURED TO ACCELERATE DANTE PROJECT
Dante has proven exceptional metallurgical performance from first pass testwork, with optimisation continuing. The maiden resource estimation is also currently underway
Matthew Latimore, Founder and President of M Resources Pty Ltd, commented: This investment is aligned with M Group’s long-term growth strategy in minerals essential to the energy transition and future economy. It also complements our existing Queensland-based vanadium and graphite assets held through M Critical Minerals”.
To date, the Company has completed over 17,000 metres of drilling, confirming a laterally extensive, stratiform reef-style system with mineralisation mapped over 10km of strike and extending from surface to 250m depth. Additional reefs have been identified across +80km of strike, with recent tenement acquisitions extending the potential to hundreds of kilometers
ASX Announcement | 4 June 2025
APPROVALS RECEIVED FOR PHASE 3 DRILLING & FIELD WORK RECOMMENCED AT DANTE
Highlights
• Heritage and drilling approvals received for infill, extensional, and possible resource upgrade
drilling at the Reef 1 and Reef 2 copper-critical-metal discoveries.
• Heritage and drilling approvals received for multiple new, high priority copper-critical-metal
targets across the Dante Project, including outcropping reef layers and electromagnetic
(“EM”
anomalies.
• On-ground exploration has commenced on the recently acquired HRM tenements,
interpreted to contain possible strike extensions of the Reef 1 and 2 discoveries.
• Reconnaissance exploration has commenced at Dante East: a vast, underexplored >400km2
area containing more than 30km of historically mapped outcropping reef (3 x more strike than
the focus of the upcoming mineral resource estimate).
• South African independent resource consultants scheduled for a site visit mid-June, in
preparation for the maiden Mineral Resource Estimate (“MRE”
.
