MetalsGrove Mining Limited (ASX:MGA) has released an investor presentation for November 2026 outlining its district-scale gold exploration portfolio in Côte d'Ivoire, covering 1,315 km² across four contiguous joint venture permits along approximately 75 km of greenstone strike on the Abujar–Napié trend.

Key Points

  • MetalsGrove holds 1,315 km² across four contiguous JV permits covering approximately 75 km of greenstone strike on the Abujar–Napié trend in Côte d'Ivoire.
  • A 10,000-metre auger drilling program was launched in July 2026, representing the first subsurface test of the Zuénoula targets.
  • The company reported a market capitalisation of approximately A$12 million, a share price of 8 cents, and cash of A$1.34 million at 30 September 2026.
  • Approximately 18 km of gold-anomalous corridors and six drill targets have been identified at Zuénoula, with a 35 km² Dubaso anomaly at Vavoua also disclosed.
  • Top five shareholders collectively hold approximately 40% of shares on issue as at 31 October 2026.

Portfolio Scale and Exploration Targets

According to the filing, MetalsGrove's four contiguous joint venture permits span 1,315 km² along the Abujar–Napié trend in Côte d'Ivoire's Birimian belts. The company disclosed approximately 18 km of gold-anomalous corridors and six drill targets at the Zuénoula project. At the Vavoua project, a 35 km² Dubaso anomaly has been identified. The filing noted that the 3.8 million-ounce Abujar mine lies approximately 100 km south of the company's permit areas. The 10,000-metre auger drilling program launched in July 2026 is described in the filing as the first subsurface test of the Zuénoula targets.

Corporate Snapshot and Capital Structure

The filing disclosed that MetalsGrove had a share price of 8 cents and 151.45 million shares on issue as at 31 October 2026, equating to a market capitalisation of approximately A$12 million. Cash held at 30 September 2026 was A$1.34 million. The company completed a A$2.7 million placement at 6 cents per share in December 2025, according to the filing. The 52-week trading range was disclosed as 5.9 cents to 15 cents. Directors are recorded as having purchased shares on market in June and July 2026.

Board Composition and Competent Person

The filing identifies Peter Ledwidge as Non-Executive Chair, described as a geologist with more than 35 years in gold and 16 years in West Africa, and founder and Managing Director of Mako Gold. Lijun Yang serves as Managing Director and CEO, holding MAIG membership and JORC Competent Person status, with 20 years of experience in exploration, mining investment and fundraising. Luke Huang serves as Non-Executive Director and is a CFA charterholder. The filing states that exploration results disclosed within the presentation are based on information compiled by Mr Yang as the designated Competent Person under the 2012 JORC Code.