Mantengu's share price rockets 34% after it reports sharp growth in the business

MANTENGU Mining's share price rocketed 34.15% on Friday afternoon after the junior miner reported that it had been ina "massive growth phase.

- EDWARD WEST

This had underpinned significant growth in the group's balance sheet for the six months to August 31, 2025, specifically net asset value, which increased to R482.2m by the end of the interim period from R135.9m at the end of the interim period in 2024.

The group has, effectively, only been able to actively trade for 2.5 years. Mantengu's investments over the last 12 months include the 100%-owned Meerust Chrome in August 2024, 100%-owned Sublime Technologies in December 2024, 100%-owned Iron Production Plant in February 2025 and 70%-owned Blue Ridge Platinum in August 2025.

The share price of the junior chrome and platinum mining group was trading at 55 cents in the afternoon. On the balance sheet, total assets increased to R1.45bn by the end of the six months from R574 million a year before. Total liabilities also increased to R964.1m from R438.5m. No dividend was declared.

The interim headline loss per share increased to 27 cents when compared with headline earnings of 2 cents a share at the same time in 2024.