MetalsGrove Mining Ltd is an Australian exploration and development company focused on advancing a portfolio of promising gold projects in Côte d’Ivoire. The company aims to build high-quality mineral resources and position itself as a growing, regionally significant gold producer.
MetalsGrove Mining Ltd (ASX:MGA)
MGA
Lead Manager
Contact - Kirwan Mactaggart
0448 237 054
kirwan@liquidity.com.au
Offer Price
A$0.0601
per share
Offer Size
A$2,500,000
Offer Details
Issue Price (Per Share)
A$0.0601
Discount
22.95%
Offer Size
A$2,500,000
Shares Available
41,588,333
A$2.5m placement Offer Price: A$0.06 per share.
Discount
25% discount to last close of A$0.08, as at 8 December 2025
Documents & Downloads
Company Overview
MetalsGrove Mining Ltd (ASX: MGA) is an Australian exploration and development company established in 2021, focused on advancing a portfolio of gold projects in Côte d’Ivoire. The company’s mission is to identify and develop high-quality mineral resources, positioning itself as a potential emerging gold player in West Africa. Through its Côte d’Ivoire projects, leveraging a region with recognized geological potential, MetalsGrove aims to create value for shareholders by progressing exploration, delineating resources, and ultimately advancing toward production.
Its project portfolio spans multiple prospective gold zones in Côte d’Ivoire, with early-stage exploration targeting high-impact discoveries. By systematically evaluating and prioritising these assets, MetalsGrove seeks to build a resource base capable of underpinning future development, while remaining well positioned to capitalise on favourable regional geology and rising gold demand.
Bruce Project, Northern Territory
The Bruce Project is located within the Central Desert Region of the Northern Territory and covers an area of approximately 17,722 ha and the maximum distance across the project is about 25 km east–west and 10 km north–south.
The Bruce prospect falls within one of the two geochemical groups identified by Hoatson (2001) that Arunta intrusions fall into (i.e. the relatively sulfur poor (
Edwards Creek: Copper-Gold & Base Metal
The Edwards Creek project is located within the Central Desert Region of NT The project is located approximately 85 km north-northeast of Alice Springs and can be accessed via Stuart and Plenty Highway. The project comprises a single granted mineral exploration licence (EL 32420).
The Project has been held by a variety of companies that have been exploring the project area for decades. The discovery of green malachite staining prompted the acquisition of exploration licences over the prospect in the 1970’s.
During 1980–81, CRA Exploration Pty Ltd (CRAE) identified an EM conductor associated with the siliceous gossan. Rock chip sampling of the gossan returned anomalous values of Cu, Pb and Zn (CRAE, 1983a). The gossan was tested by two diamond drill holes (DD80EC01 and DD81EC02) to a depth of 121 m and 120 m respectively intersecting strata bound base metal mineralisation (CRAE, 1983a). Diamond drill hole DD80EC1), which was drilled underneath the siliceous rock, penetrated mineralised quartz-haematite ironstone and quartz-haematite-magnetite from 47.5–53.7 m. DD80EC1 intersected 4.5 m at 2.25% Cu, 0.11% Pb, 1.54% Zn, 0.14 g/t Au from 47.45 m downhole, including 0.72 m at 7.11% Cu, 1.9% Zn, 0.24 g/t Au and DD81EC2 intersected 18.6m @ 0.22% Cu, 0.17% Pb, 0.49% Zn, 0.14 g/t Au from 44.3m (CRAE, 1983a).
Use of Funds
Use of Funds
1
Exploration
2
Drilling and Target Definition
3
General Corporate Purposes
Disclaimer
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