Mount Burgess (ASX: MTB) Launches New Strategic Plan with Focus on Core Project and Expansion

June 16, 2025 12:49 PM AEST | By Aditi Sarkar

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Mount Burgess (ASX: MTB) Launches New Strategic Plan with Focus on Core Project and Expansion

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Highlights

Mount Burgess’ board has adopted a strategic plan focusing on operations, core asset advancement, and growth opportunities.

Hydrometallurgical results have enabled focused progress on the company’s 100%-owned Kihabe–Nxuu project in Botswana.

The company is actively pursuing acquisitions and partnerships to target portfolio growth by Q1 2026.

Shares of Mount Burgess Mining N.L. (ASX:MTB) are trading higher on the ASX today, at AUD 0.005, representing a 25.00% increase. The significant uptick followed the company’s recent strategic update.

The ASX-listed mineral exploration and development company has announced a strategic plan to sustain and develop its operations. The company has reviewed its strategic direction following recent leadership changes. As a result, the company’s board has adopted a pragmatic 12-month plan based on three core pillars:

With the recent encouraging hydrometallurgical test results from the Nxuu deposit, the company is now prioritising a focused approach to advance its 100%-owned project while selectively enhancing its broader development portfolio.

Three Strategic Pillars

Business Sustainability
Mount Burgess Mining remains focused on responsible capital management, strengthened governance, and continuous stakeholder engagement. Operational expenses have been reduced, and financial forecasts have been updated to support the efficient execution of project milestones, as stated by the company.
Project Advancement
Following promising hydrometallurgical test results from the Nxuu deposit, the company’s board has reviewed available data and deems it sufficient to initiate a scoping study for the Kihabe–Nxuu polymetallic project in Botswana. Subject to securing the necessary funding, the study is expected to be completed by Q4 2025, guiding the next stage of development.
Project Pipeline Growth
The company is actively evaluating potential acquisitions and strategic partnerships to broaden its asset portfolio. These efforts aim to align with Mount Burgess Mining’s core capabilities, with a targeted outcome anticipated in Q1 2026.

Mount Burgess is currently exploring various funding options to sustain its ongoing operations and advance the execution of its strategic plan, which may involve engaging with potential investors. The Kihabe–Nxuu Project benefits from being located in a stable jurisdiction. Moreover, it is strategically aligned with the growing global demand for ethically sourced critical minerals such as zinc, vanadium, gallium, and germanium, positioning the project favourably in the market, as stated by the company.

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