June Quarterly Activities Report and Appendix 5B
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June Quarterly Activities Report and Appendix 5B
Marvel Gold Limited reported its activities for the June quarter, focusing on the Tabakorole Gold Project and progressing the proposed IPO of Evolution Energy Minerals Limited. Highlights include diamond drill results confirming extensions to the Tabakorole deposit, completion of a drilling program targeting resource growth, and strategic tenement acquisitions increasing land position to 830km2. Additionally, the proposed spin-out of the Chilalo Graphite Project is at an advanced stage, pending regulatory approvals. The company is also transitioning towards incorporating ESG considerations in its operations. Marvel had cash of $1.49 million at the end of the quarter and made payments to related parties for executive and non-executive director fees.
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