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Albright Metals Ltd (ASX:ABR)

ALERT: Price-sensitive ASX Announcement for ABR
Current share price for ABR : $0.003 -0.001 (-25%)+
Announcement
Release
27 Apr 2026 9:32AM
Price at Release
$0.004
Full Release
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Summary
The quarterly activities report for Albright Metals Limited highlights significant progress in its Golden Pike High-Grade Gold and Antimony Project, including high-grade gold results from recent drilling and the completion of an antimony drilling program. The company concluded a sale of Bryah Basin tenements to Catalyst Metals, enhancing its cash position to $1,253,327 by the end of the quarter. Albright Metals also focused on developing a revised resource model for the Golden Pike Project, with no production or development activities occurring in the quarter. Financially, Albright Metals reported a net cash usage of $790,000 in operating activities, with proceeds from tenement sales totaling $1,000,000. Payments to related parties included $87,000 for directors' fees.
Key Points
  • High-grade gold results from Golden Pike Project.
  • Sale of Bryah Basin tenements to Catalyst Metals.
  • Cash position of $1,253,327 at the end of the quarter.
  • Completion of antimony drilling program.
  • Development of revised resource model for Golden Pike.
  • No production and development activities undertaken during the quarter.
  • Net cash used in operating activities: $790,000.
  • Proceeds from sale of tenements: $1,000,000 in cash and shares.
  • Payments to related parties: $87,000 for directors' fees.
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.