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Audalia Resources Limited (ASX:ACP)

ALERT: Price-sensitive ASX Announcement for ACP
Current share price for ACP : $0.025 -0.001 (-3.85%)+
Announcement
Release
24 Oct 2025 10:22AM
Price at Release
$0.026
Full Release
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Summary
Audalia Resources Limited reported on its activities and financials for the quarter ending 30 September 2025. The company is focused on the Medcalf Project, a vanadium-titanium-iron project in Western Australia, where resource estimation and geotechnical programs have been completed. Financially, the company recorded a net cash outflow from operating activities of $20,000, spent $464,000 on exploration and evaluation, and raised $500,000 through equity, resulting in cash and equivalents of $602,000 at the end of the quarter. The report also discusses funding strategies and related party transactions, including consultancy fees.
Key Points
  • Medcalf Project focused on vanadium-titanium-iron exploration.
  • Completed RC infill and geotechnical drilling programs.
  • Net cash used in operating activities was $20,000.
  • Spent $464,000 on exploration and evaluation.
  • Raised $500,000 through equity financing.
  • Ended the quarter with cash and equivalents of $602,000.
  • Ongoing efforts to secure additional funding for operations.
  • Payments to related parties included $23,000 in consultancy 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.