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Adelong Gold Limited (ASX:ADG)

ALERT: Price-sensitive ASX Announcement for ADG
Current share price for ADG : $0.005 -0.001 (-9.09%)+
Announcement
Release
30 Apr 2026 12:25PM
Price at Release
$0.006
Full Release
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Summary
Adelong Gold Limited reported its Quarterly Activities and Appendix 5B Cash Flow for the period ending 31 March 2026. The company focused on its gold-antimony projects in Victoria, particularly the Lauriston and Apollo projects. Significant exploration activities were carried out, including drilling at Comet and Yankee-Trojan prospects, which resulted in promising gold and antimony findings. The company completed the sale of its interest in the Challenger Gold Project, receiving shares in Great Divide Mining Limited. Financially, Adelong reported a cash balance of $1.008 million, with strategic plans to maintain liquidity and continue exploration activities, despite a tax indemnity claim from Great Divide Mining. The report highlights Adelong's ongoing efforts to advance its projects and strategically manage its financial resources.
Key Points
  • Completion of significant drilling at Lauriston and Apollo projects.
  • Sale of interest in Challenger Gold Project to Great Divide Mining.
  • Receipt of 10 million shares in Great Divide Mining.
  • Reported cash balance of $1.008 million as of 31 March 2026.
  • Ongoing dispute over a tax indemnity claim of $1.17 million.
  • Strategic focus on Victorian gold-antimony projects.
  • Continued exploration activities with promising results.
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.