12/03/2026
Mt Malcolm Mines NL ( :M2M) just delivered its maiden JORC gold resource—here's why it's an attractive entry point at current levels (~$0.012–0.013):
De-risked foundation: 269kt @ 1.53 g/t Au for 13,200 oz (mostly Indicated category) validates the Malcolm Project's potential with rigorous drilling data.
Strong economics ahead: Exceptional metallurgical recoveries (>94–95% via simple gravity + leaching) point to low-cost, high-margin processing and quick potential cash flow.
Growth runway: Deposits open at depth & along strike—upcoming infill + extensional drilling targets resource expansion in a bullish gold market.
Undervalued micro-cap: Tiny ~$7M market cap prices in limited scale today, but leaves massive upside from resource upgrades, near-term development, and production pathway.
Early-stage gold explorer with proven ounces, recovery upside, and expansion catalysts—positioned for re-rating as milestones hit.
Read the full report here: