Highlights

  • Phase 2 RC drilling at the Marble Bar gold project returned a best result of 2 metres at 6.73 grams per tonne from 38 metres.
  • Drilling at Twin Veins East intersected a new zone 200 metres along strike north of the Twin Veins resource.
  • MB Gold held A$4.84 million in cash at 30 September 2026 with no debt outstanding.
  • Planning is under way for a Phase 3 drilling campaign to follow up the strongest intercepts from Phases 1 and 2.

MB Gold Corp Ltd (ASX:MBG) completed Phase 2 reverse circulation drilling at its Marble Bar gold project in Western Australia's Pilbara region during the September 2026 quarter, with a best result of 2 metres at 6.73 grams per tonne gold from 38 metres depth at the Twin Veins East target.

Phase 2 Results

Phase 2 comprised 33 RC holes totalling about 2,500 metres across the Marble Bar gold project. Twin Veins East was the headline target, with drilling 200 metres along strike north of the existing Twin Veins mineral resource. The 2m at 6.73g/t intercept in hole MBRC091 was the best single result from the campaign. Assays from several other holes returned anomalous gold of 1–2g/t over 2–4 metre intervals, and the company said the broader corridor shows a persistent low-grade halo around higher-grade shoots. The company noted that Phase 2 expanded the known footprint of Twin Veins East and confirmed a structural control consistent with the Twin Veins deposit geometry.

Resource and Wider Project

The Marble Bar project hosts a JORC 2012 mineral resource estimate of about 280,000 ounces of gold. Twin Veins is the main deposit, with Twin Veins East representing an adjacent and largely untested along-strike zone. The project also includes the Coopers Well and Marble Bar town area tenements, which contain historical workings but no current JORC resource.

Cash and Costs

MB Gold spent approximately A$1.3 million on exploration during the September quarter, predominantly on Phase 2 drilling and assays. Cash at 30 September was A$4.84 million. The company is debt free. The quarterly cash-flow report shows no revenue from operations, consistent with its status as an exploration company. The company said it had sufficient funds to plan and execute Phase 3.

What Comes Next

Phase 3 planning is under way and will target depth extensions below the Phase 2 best intercepts at Twin Veins East as well as step-out holes along strike. A resource update incorporating Phase 2 results is expected before Phase 3 commences. No Phase 3 drill-hole count or budget figure has been released.