en.Wedoany.com Reported - Mamba Exploration (ASX: M24) has expanded its exploration footprint around the Meeka East Gold Project in Western Australia through a mining tenement acquisition agreement and the staking of new tenements, consolidating its position in the region's gold belt. Under a tenement sale agreement with Peter Bernard Schwann, Mamba will fully acquire three prospecting license applications covering the Bella trend, spanning an area of 538 hectares. As consideration for the transaction, the company will issue 2.5 million fully paid ordinary shares to Schwann upon completion, which will be subject to a voluntary 12-month escrow period and involve no royalty payments.

In addition to the acquisition, Mamba has staked three new prospecting license applications along the New Australian South trend, covering approximately 5 square kilometers. The staking of these new tenements further extends the company's continuous tenement area along the Mulga Bill structure, and the new tenements are eligible to be included within the company's existing heritage agreement framework.

A Yugunga-Nya heritage survey for the proposed drilling area at Meeka East is scheduled for late July 2026, with the relevant work program already submitted. Upon approval of the work program and heritage clearance, the company plans to implement reverse circulation drilling of up to 50 holes. A A$90,000 Exploration Incentive Scheme grant awarded by the Western Australian government will provide significant financial support for the project.

Mamba Exploration is a gold exploration company focused on Western Australia, with projects located in the Ashburton/Gascoyne, Kimberley, Murchison, and Great Southern regions.