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Audalia Resources Limited (ASX:ACP)

ALERT: Price-sensitive ASX Announcement for ACP
Current share price for ACP : $0.025 0 (0%)+
Announcement
Release
28 Apr 2026 4:18PM
Price at Release
$0.025
Full Release
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Summary
Audalia Resources Limited reported on its activities and financial status for the quarter ending 31 March 2026. The company focused on the Medcalf Project, a vanadium-titanium-iron project in Western Australia, which showed promising results in its Updated Pre-Feasibility Study (UPFS). The UPFS highlighted favorable economics and a maiden Ore Reserve of 11.77Mt at 11.01% TiO2 and 0.61% V2O5. Financially, the company reported a decrease in cash and cash equivalents to $203,000 from $623,000, following significant exploration and evaluation expenditures. Audalia has secured commitments for additional funding through a placement of shares to support ongoing activities. The company remains confident in its ability to secure future funding as needed.
Key Points
  • Medcalf Project is a key focus with updated favorable economics.
  • Maiden Ore Reserve stands at 11.77Mt at 11.01% TiO2 and 0.61% V2O5.
  • Cash and cash equivalents decreased to $203,000.
  • Significant expenditures on exploration and evaluation.
  • Secured commitments for $450,000 through share placement.
  • Confident in securing future funding for continued operations.
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.