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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 (4.17%)+
Announcement
Release
6 Feb 2026 6:42PM
Price at Release
$0.024
Full Release
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Summary
Audalia Resources Limited announced an updated production target for the Medcalf Project, reflecting changes in mine design, scheduling, metallurgical recoveries, and economic assumptions derived from the September 2025 Mineral Resource Estimate and the January 2026 Maiden Ore Reserve. The project's construction is slated to begin in the fourth quarter of 2026, contingent upon securing necessary funding, regulatory approvals, and favorable market conditions. The Prefeasibility Study indicates required funding ranges between AUD $31.1 million and AUD $120.9 million, though no binding funding arrangements have been secured. The project uses 100% Probable Ore Reserves derived from Indicated Mineral Resources, with no Inferred Resources in the mine plan. The company's operations remain unaffected by new information or data as of the announcement date.
Key Points
  • Updated production target for the Medcalf Project as part of the January 2026 Prefeasibility Study (PFS) Update.
  • Comparison provided between July 2022 PFS and January 2026 PFS Update assumptions.
  • Production target based on outcomes of Jan 2026 PFS and Maiden Ore Reserve.
  • No new information materially affects the previous ASX announcements.
  • Project schedule around environmental processes and access road constructions.
  • Project construction to commence in Quarter 4 2026.
  • Funding of AUD $31.1 million or AUD $120.9 million required for project advancement.
  • Mine designs scheduled using Minemax Scheduler.
  • Production target underpinned by 100% Probable Ore Reserves from Indicated Mineral Resources.
  • No binding funding arrangements are currently in place.
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.