Minerals Exploration Limited Ordinary Shares
MEX.NZXMaterials
Minerals Exploration Limited is a minerals exploration company focused on developing gold projects across New Zealand. Its flagship Waitekauri project near Waihi leads an exploration portfolio that includes brownfields gold projects in both the historical Hauraki Goldfields on the North Island and in the Otago Goldfields in the South Island.
Market Data
$0.075
-0.0%$14.4M
$0.000
0.00%
Latest Earnings
Quarterly Activities and Cashflow Report
30 April 2026
Minerals Exploration Limited (ASX/NZX: MEX) reported its Q3 FY2026 quarterly activities for the period ended 31 March 2026, highlighting encouraging early-stage gold exploration results at its New Zealand projects. First diamond drilling at the Scotia prospect intersected wide zones of low-grade gold mineralisation with high-grade intervals (up to 5.53g/t Au), while initial Jubilee drill results were modest as deeper holes target known high-grade shoots. The company held cash of A$3.88M at quarter end with no revenue, spending A$417K on exploration during the quarter. Key points: First diamond drilling at Scotia prospect intersected wide low-grade gold mineralisation: 94.4m @ 0.46g/t Au (TGW002) and 71.0m @ 0.52g/t Au (TGW002A), with high-grade intervals up to 5.53g/t Au, indicating a large mineralised gold system; High-grade rock chip samples of up to 68.8g/t Au at Jubilee and 27.5g/t Au at Scotia South highlight strong near-surface prospectivity; Invincible Gold/Tungsten Project returned rock chip results of up to 49.7g/t Au with visible gold observed, and an Exploration Permit application lodged to enable maiden drilling
Recent Announcements
Sovereign Historic Gold Zones Reveal Key Drill Targets
Minerals Exploration Limited (ASX: MEX) reports continued diamond drilling at its Waitekauri Gold Project in New Zealand, with two holes (TGW011 and TGW012) completed at Jubilee South prospect and samples submitted for assay; the company is also preparing to drill test high-grade zones at the Sovereign Gold Prospect, targeting historical underground channel samples and drill results showing gold grades ranging from 2.1 to 80 g/t.
Release of Securities from Voluntary Escrow
Minerals Exploration Limited (ASX/NZX: MEX) confirms that 75,000,000 fully paid ordinary shares will be released from a 12-month voluntary escrow on 14 July 2026, representing vendor consideration for the company's 100% acquisition completed on 14 July 2025. The release does not change the company's issued capital.
Director Retirement and Final Director Interest Notice
Peter J. Nightingale has retired as a Director of Minerals Exploration Limited (ASX/NZX: MEX) effective 30 June 2026. At retirement, Nightingale held 2,459,673 ordinary shares through two entities (Rosignol Consultants Pty Ltd and Rosignol Pty Ltd), with 1,209,673 shares subject to a 12-month escrow period ending 14 July 2026.
Waitekauri - First Phase Drilling and High Grade Rock Chips
Minerals Exploration Limited (ASX/NZX: MEX) reports completion of first-phase diamond drilling at the Jubilee Gold prospect within its Waitekauri Gold Project in New Zealand, with all eight holes intersecting quartz-mineralised zones and best intercept of 0.5m @ 10.5g/t Au, alongside exceptional high-grade rock chip samples up to 2,273 g/t Au discovered during geological mapping.
Quarterly Activities and Cashflow Report
Minerals Exploration Limited (ASX/NZX: MEX) reported its Q3 FY2026 quarterly activities for the period ended 31 March 2026, highlighting encouraging early-stage gold exploration results at its New Zealand projects. First diamond drilling at the Scotia prospect intersected wide zones of low-grade gold mineralisation with high-grade intervals (up to 5.53g/t Au), while initial Jubilee drill results were modest as deeper holes target known high-grade shoots. The company held cash of A$3.88M at quarter end with no revenue, spending A$417K on exploration during the quarter. Key points: First diamond drilling at Scotia prospect intersected wide low-grade gold mineralisation: 94.4m @ 0.46g/t Au (TGW002) and 71.0m @ 0.52g/t Au (TGW002A), with high-grade intervals up to 5.53g/t Au, indicating a large mineralised gold system; High-grade rock chip samples of up to 68.8g/t Au at Jubilee and 27.5g/t Au at Scotia South highlight strong near-surface prospectivity; Invincible Gold/Tungsten Project returned rock chip results of up to 49.7g/t Au with visible gold observed, and an Exploration Permit application lodged to enable maiden drilling
Half Year Report and Accounts
Minerals Exploration Limited (formerly Uvre Limited, ASX/NZX: MEX) reported a net loss of $1.27M for the half-year ended 31 December 2025, compared to a loss of $0.55M in the prior corresponding period, as the company ramped up exploration expenditure following its transformational acquisition of New Zealand gold projects. The company completed the acquisition of Otagold Limited on 14 July 2025, adding three exploration permits covering 332km² in the Hauraki and Otago goldfields, and commenced its maiden ~3,000m diamond drilling program at the flagship Waitekauri Gold Project in October 2025. The company ended the period with $4.55M in cash, supported by a $3.65M share placement during the half. Key points: Completed transformational acquisition of Otagold Limited on 14 July 2025, adding 332km² of highly prospective NZ gold exploration ground including the flagship Waitekauri Gold Project adjacent to OceanaGold's 2.2Moz WKP deposit.; Commenced maiden ~3,000m diamond drilling program at Waitekauri in October 2025, completing holes at Scotia, Scotia South and commencing at Jubilee; first assay results released post-period on 12 February 2026 identifying a large mineralised gold system.; Successfully completed secondary listing on the NZX Main Board in October 2025, broadening the company's investor base for its New Zealand-focused gold assets.
Appointment of Non-Executive Director
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High Grade Rock Chips at Invincible Gold Project
Minerals Exploration Limited (ASX/NZX: MEX) reported high-grade rock chip assay results up to 49.7g/t Au from surface sampling at its Invincible Gold Project in New Zealand, with visible gold observed in several samples, and plans to commence stream/soil sampling and a maiden drilling program.
First Scotia Drilling Defines Large Gold System
Minerals Exploration Limited (MEX) reported positive results from its first drilling program at the Waitekauri Gold Project in New Zealand, with holes at Scotia prospect intersecting wide zones of gold mineralization including 94.4m @ 0.46g/t Au and high-grade zones up to 5.53g/t Au.
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