Australian Critical Minerals Limited (ASX:ACM)

ALERT: Price-sensitive ASX Announcement for ACM

Current share price for ACM : $0.027 -0.017 (-38.64%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

30 Apr 2026 8:16AM

Price at Release

$0.044

Full Release

Summary

Australian Critical Minerals Limited (ACM) provided its quarterly report for the period ending 31 March 2026. The company has been actively engaging in exploration activities, notably commencing its maiden diamond drilling program at the Flint Gold-Silver Project in Peru. ACM successfully raised $3 million to support these endeavours and expanded its land holdings to enhance exploration potential. The financial report highlighted a net cash usage of $674,000 in operating activities and a closing cash balance of $2,024,000. The company's strategy focuses on developing a portfolio of high-grade exploration projects in Peru and Western Australia.

Key Points

Australian Critical Minerals Limited (ACM) reported its quarterly activities and cash flow for the quarter ending 31 March 2026.
ACM commenced a maiden diamond drilling program at the Flint Gold-Silver Project in Peru, with significant progress reported.
The company completed a $3 million capital raising to fund its exploration programs.
ACM expanded its project footprint with additional concession applications to enhance exploration opportunities.
Net cash used in operating activities was reported at $674,000 for the quarter.
The company had cash and cash equivalents of $2,024,000 at the end of the quarter.
Payments to related parties during the quarter amounted to $89,000.
ACM's exploration focus includes multiple projects in Peru and Western Australia, with a strategy aimed at advancing high-grade, district-scale projects.

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.