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Apollo Minerals Limited (ASX:AON)

ALERT: Price-sensitive ASX Announcement for AON
Current share price for AON : $0.054 -0.018 (-25%)+
Announcement
Release
30 Apr 2026 8:09AM
Price at Release
$0.072
Full Release
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Summary
Apollo Minerals Limited's March 2026 Quarterly Report details significant progress and activities related to their flagship Couflens Tungsten Gold Project in France. The report highlights the potential for reactivating the high-grade Salau tungsten mine, which is located within the Couflens area. The company has been focusing on exploration and evaluation, with promising results showing significant gold and tungsten grades in historical and recent samples. Apollo Minerals also reported on the historical data review of the Couflens project, identifying substantial unmined zones with high potential for tungsten mineralization. Financially, the company has raised capital through equity placements, with Tribeca Investment Partners becoming a substantial shareholder. The report also outlines cash flows, with a significant net cash inflow from financing activities, boosting the company's financial position for future exploration and development efforts.
Key Points
  • Couflens Tungsten Gold Project has high-grade tungsten and gold potential.
  • Historical data review identified unmined Veronique Zone with promising tungsten intercepts.
  • Successful equity placements raised gross proceeds of A$9.35 million.
  • Tribeca Investment Partners becomes a substantial shareholder.
  • Net cash inflow from financing activities strengthens financial position.
  • Focus on exploration and evaluation with significant findings.
  • Continuing legal proceedings related to Couflens PER in France.
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.