InvestSMART

Australasian Metals Limited (ASX:A8G)

ALERT: Price-sensitive ASX Announcement for A8G
Current share price for A8G : $0.091 -0.006 (-6.19%)+
Announcement
Release
30 Jul 2026 8:18AM
Price at Release
$0.097
Full Release
download
Summary
Australasian Metals Limited provided its quarterly activities report for the June 2026 quarter, highlighting ongoing exploration efforts across various projects including the May Queen Gold and May Queen South Bauxite projects. Key activities involved desktop reviews, target ranking, and preparatory work for upcoming drilling programs. The company maintained a solid financial position with $2.31 million in cash and no debt by the end of June 2026. Additionally, a $102,000 R&D tax refund was received. There was also progress in early-stage discussions for potential collaborations on the Mt Peake Lithium Project. The cash flow report indicated net cash outflows related to operating and investing activities, with an estimated 15.18 quarters of financial runway available based on current cash reserves and activities.
Key Points
  • Desktop review and drill planning at May Queen Gold Project.
  • Landowner access and permitting for May Queen drilling program.
  • Metallurgical testwork on TiO2 and gallium recovery at May Queen South.
  • Discussions with third parties at Mt Peake Lithium Project.
  • Financial position: $2.31 million cash, no debt at 30 June 2026.
  • $102,000 R&D tax refund received.
  • Net cash outflows from operating and investing activities.
  • Estimated 15.18 quarters of funding available.
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.