InvestSMART

Australasian Metals Limited (ASX:A8G)

ALERT: Price-sensitive ASX Announcement for A8G
Current share price for A8G : $0.097 0.02 (25.97%)+
Announcement
Release
24 Apr 2026 8:59AM
Price at Release
$0.077
Full Release
download
Summary
Australasian Metals Limited presented its quarterly activities report for March 2026, highlighting continued progress in its exploration projects. The company conducted a desktop review and drill planning at the May Queen Gold Project following positive survey results and lodged a new exploration permit to expand its Mt Clermont-Capella gold footprint. Also, they advanced discussions regarding the Mt Peake Lithium Project. Financially, Australasian Metals maintains a strong cash position with $2.46 million and no debt. An R&D tax refund was received, increasing financial stability. The report also details administrative payments and outlines plans for future project developments.
Key Points
  • Desktop review and drill planning continued at May Queen Gold Project.
  • New exploration permit application lodged for Retro Creek.
  • Advanced discussions on Mt Peake Lithium Project.
  • Cash balance at $2.46 million with no debt.
  • R&D tax refund application lodged and received.
  • No field work conducted for Mt Peake and Barrow Creek.
  • Further metallurgical test work planned for May Queen South Bauxite.
  • Early-stage discussions on new gold, copper, lithium, and manganese opportunities.
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.