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Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL
Current share price for ASL : $1.940 0.4 (25.97%)+
Announcement
Release
30 Oct 2025 1:36PM
Price at Release
$1.540
Full Release
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Summary
Andean Silver Limited reported a successful quarter for September 2025, highlighting substantial drilling results at its Cerro Bayo Silver-Gold Project in Chile. The company discovered high-grade silver-gold veins and aims to rapidly grow its resource base, with mineralization remaining open in several areas. A $30 million capital raise was successfully completed, and shares began trading on the OTCQX Best Market. The cash balance at the end of the quarter was A$34.1 million. The Appendix 5B Cash Flow Report outlines operating cash outflows, significant investments in exploration, and strong inflows from financing activities.
Key Points
  • Bumper drilling results at Cerro Bayo Silver-Gold Project.
  • Successful A$30 million capital raise and OTCQX trading commencement.
  • Cash balance at quarter-end was A$34.1 million.
  • Discovery of high-grade silver-gold veins, significant resource growth.
  • Appendix 5B details cash flows: operating outflows, exploration investment, financing inflows.
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.