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Audalia Resources Limited (ASX:ACP)

ALERT: Price-sensitive ASX Announcement for ACP
Current share price for ACP : $0.022 -0.003 (-12%)+
Announcement
Release
31 Jul 2026 4:58PM
Price at Release
$0.025
Full Release
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Summary
Audalia Resources Limited's quarterly activities report ending 30 June 2026 highlights ongoing exploration at the Medcalf Project. The company reported a decrease in cash equivalent from $203,000 to $724,000, primarily due to $274,000 spent on exploration and evaluation activities. Financing activities included $900,000 raised from share placements. The report details existing loan facilities totaling A$3 million with a repayment extension to 15 July 2028, and provides an estimated 1.9 quarters of available funding. The company remains focused on exploration, acknowledging expected negative cash flows during this phase.
Key Points
  • Cash equivalent increased to $724,000 as of 30 June 2026.
  • Exploration and evaluation expenses amounted to $274,000.
  • Raised $900,000 from share placements during the quarter.
  • Loan facilities total A$3 million, repayment extended to July 2028.
  • Estimated 1.9 quarters of funding available.
  • Focus remains on exploration activities, expecting negative cash flows.
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.