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Arcadia Minerals Limited (ASX:AM7)

ALERT: Price-sensitive ASX Announcement for AM7
Current share price for AM7 : $0.060 0.02 (50%)+
Announcement
Release
31 Jul 2026 8:26AM
Price at Release
$0.040
Full Release
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Summary
Arcadia Minerals Limited released its Quarterly Activities Report and Appendix 5B Cash Flow Report for the quarter ending 30 June 2026. The report highlights the progress of several projects including the Swanson Tantalum Mining Project, which is actively negotiating with Hongkong Xinhai Mining Services Limited for a definitive agreement. The report discusses the potential of the TVC Kum-Kum Polymetallic Ni-Cu-PGE-Li-Ta Project, with exploration results defining priority drill targets. The Karibib Copper-Gold-Tungsten Project, farmed out to Kaoko Metals Ltd, is progressing towards scout drilling, while the Bitterwasser Lithium Clays and Brines Project requires further technical work to assess its commercial viability. The financial section of the report reveals net cash used in operating activities at A$45,000 for the current quarter and provides an estimate of 5.4 quarters of available funding. The report emphasizes Arcadia's focus on developing a strategic portfolio of critical-minerals projects in Namibia.
Key Points
  • Swanson Tantalum Mining Project negotiating with Hongkong Xinhai Mining Services Limited.
  • TVC Kum-Kum Project expecting potential large-scale nickel and copper discoveries.
  • Karibib Project farmed out to Kaoko Metals Ltd, progressing towards scout drilling.
  • Bitterwasser Project needs further technical work to determine commercial viability.
  • Quarterly cash flow indicates net cash used of A$45,000, with 5.4 quarters of funding available.
  • Arcadia focuses on critical-minerals projects in Namibia.
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.