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Albion Resources Limited (ASX:ALB)

ALERT: Price-sensitive ASX Announcement for ALB
Current share price for ALB : $0.051 -0.003 (-5.56%)+
Announcement
Release
24 Apr 2026 4:17PM
Price at Release
$0.054
Full Release
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Summary
Albion Resources Limited's quarterly report for March 2026 details their progress on the Gidgee Gold Project, where they executed a binding option agreement to acquire a 100% interest. The company focused on due diligence and fieldwork initiatives like ultrafine soil geochemical sampling. Additionally, Albion engaged in heritage and access processes at the Yandal West Gold Project. Financially, the quarter saw the company maintain a disciplined approach to capital allocation, with a closing cash balance of A$2.7 million. Albion continues to evaluate strategic opportunities to enhance its exploration portfolio.
Key Points
  • Executed binding option to acquire Gidgee Gold Project.
  • Fieldwork including ultrafine soil geochemical sampling commenced.
  • Engagement with heritage consultants for Yandal West Gold Project.
  • Cash on hand at quarter end was A$2.7 million.
  • Maintained disciplined capital structure and allocation.
  • Active evaluation of additional exploration opportunities.
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.