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Australasian Metals Limited (ASX:A8G)

ALERT: Price-sensitive ASX Announcement for A8G
Current share price for A8G : $0.097 0.012 (14.12%)+
Announcement
Release
30 Jan 2026 8:18AM
Price at Release
$0.085
Full Release
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Summary
Australasian Metals Limited presented their quarterly activities report for the December 2025 quarter, with key activities including significant exploration work and financial updates. The company continued its exploration at the May Queen Gold Project and May Queen South Bauxite Project in Queensland, and reviewed the potential for a gold-copper porphyry system. The cash flows report highlights a net cash decrease from operating activities and investing activities related to exploration and evaluation, with a closing cash balance of approximately $2.68 million. The company has no debt and expects to receive a refund for R&D costs. Payments to related parties, including director and consulting fees, were detailed, alongside an assessment of funding availability, indicating sufficient cash to cover future operations for over 17 quarters.
Key Points
  • May Queen Gold Project showed potential for a gold-copper porphyry system.
  • Completed IP geophysical survey at May Queen.
  • May Queen South Bauxite Project defined high-grade bauxite mineralisation.
  • Company holds no debt and has a cash balance of $2.68 million.
  • Quarterly cash flow showed net cash decrease from operations and investments.
  • Payments to related parties included director and consulting fees.
  • Company's estimated funding available covers over 17 quarters of operations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.