MEG Quarterly Report Highlights Exploration Successes

Megado Minerals (ASX: MEG) has released its Quarterly Activities Report for the period ending December 31, 2023. The Cyclone Lithium Project in Quebec, Canada, revealed fertile pegmatites, with Phase 1 exploration identifying areas with potential for future drilling campaigns. The K Lithium Project, also in Quebec, underwent a 5-day exploration program, collecting 51 rock samples for analysis. Pending results will determine future work based on lithium potential.

The North Fork Rare Earth Project in Idaho unveiled significant carbonatite outcrops through an airborne hyperspectral survey. Permitting for an inaugural drill program is progressing as planned, with drilling and exploration scheduled for the 2024 field season. The transition away from LIBOR marks a significant shift in the financial landscape and poses challenges and opportunities for various market participants.

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