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Australian Critical Minerals Limited (ASX:ACM)

ALERT: Price-sensitive ASX Announcement for ACM
Current share price for ACM : $0.025 -0.003 (-10.71%)+
Announcement
Release
31 Jul 2026 8:31AM
Price at Release
$0.028
Full Release
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Summary
Australian Critical Minerals Limited (ACM) provided a quarterly report for the period ending 30 June 2026. The company completed its maiden drilling program at the Flint Gold-Silver Project in Peru, drilling four diamond holes over 1,773 meters, revealing a large-scale hydrothermal system. Significant argillic and phyllic alterations consistent with high-sulphidation epithermal systems were identified, with assay results expected in August 2026. Additionally, a three-year community access agreement was secured for the Riqueza Copper-Silver Project. ACM raised $3 million through equity placements to fund operations. Challenges included temporary delays in core processing due to a power outage in Lima, but operations have since resumed. The company has sufficient cash and confidence in raising additional capital if needed.
Key Points
  • Completion of maiden drilling program at Flint Gold-Silver Project.
  • Identification of high-sulphidation epithermal and porphyry-style hydrothermal system.
  • Secured a three-year community access agreement for Riqueza Copper-Silver Project.
  • Raised $3 million through equity placements.
  • Temporary delays in core processing due to a regional power outage.
  • Expected receipt of laboratory assay results in August 2026.
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.