Mamba Exploration Limited provided an update on the results of the reprocessing of the Ashburton /Gascoyne regional radiometric data. The reprocessing and rebalancing of the thorium radiometric data have highlighted at least eight distinct anomalies within the Company's Ashburton /Gascoyne Project tenements located in the upper Gascoyne region of Western Australia. Recent exploration activities and discoveries made in the region by others (including Dreadnought Resources (ASX DRE) and Kingfisher Mining (ASX KFM)) has highlighted the potential of the region for multiple styles of mineralisation including REE mineralisation.

A review of the radiometric data over these discoveries has identified that they have an associated radiometric (thorium) signature. As a result, the Company reprocessed and rebalanced the regional data over the region. This highlighted at least eight discrete anomalies within their tenements which will be visited early next month and the potential of the area will be assessed with the use of a pXRF.