M3 Mining Limited Energy Project Acquisition Update

Jul 10, 2024

M3 Mining Limited (ASX: M3M) provides an update on its progress in securing an advanced energy asset in the Middle East and North Africa region. The company has identified a primary energy asset and is conducting initial due diligence. This is an advanced exploration/pre-development project with exploration potential and proximity to existing energy operations and strategic infrastructure.

M3 Mining has significantly invested in historical exploration and drill testing, revealing multiple oil and gas shows. The company actively engages with the government and administration to encourage foreign investment in the energy industry. Additionally, M3 Mining is in discussions with potential off-take groups and commercial banks to support the acquisition and development of the project. The company remains confident in finalizing the project in the year's first half.

 

 

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