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Tanzania 101

Half Year Accounts - 30 June 2024

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Half Year Accounts - 30 June 2024

ACME (ASX: MVL) released its interim financial report for the half-year ended 30 June 2024. The report shows a net loss decrease of 27% to A$5M, with lower exploration expenses and corporate costs contributing to this improvement. The company's key projects in Mali, including Tabakorole Gold, Yanfolila Gold, and Kolondieba Gold, continue to show promise. The Board of Directors, led by Mr. Stephen Dennis, oversaw key changes during the period, including the appointment of Mr. Steven Michael as a Non-Executive Director and the resignation of Mr. Chris van Wijk as Managing Director. Marvel Gold Limited remains committed to its Mali exploration assets and is evaluating opportunities outside Mali for long-term growth. Environmental regulations and community engagement remain key priorities for the company, with a focus on achieving high environmental performance and maintaining positive relationships with local communities. The company's investments in Evolution Energy Minerals Limited and its exploration activities in Mali are important aspects of its growth strategy. Investors are encouraged to review the full financial report for more detailed information and are welcome to reach out to the company with any questions they may have. Marvel Gold Limited is dedicated to transparency and value creation for its shareholders.

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