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Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL
Current share price for ASL : $1.910 -0.22 (-10.33%)+
Announcement
Release
29 Apr 2026 9:13AM
Price at Release
$2.130
Full Release
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Summary
Andean Silver Limited reported its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 31 March 2026. The company engaged in significant exploration activities, particularly at the Temer prospect and Appaloosa Breccia within the Cerro Bayo Silver-Gold Project in Chile, demonstrating strong exploration results with high-grade mineral intercepts. The report details a net decrease in cash of $2,726,000, with significant expenditures on exploration and evaluation. Financial activities included raising $6 million through equity securities, while operating activities consumed $3,643,000 predominantly due to staff and administrative costs. No new tenements were acquired, and some were disposed of during the quarter.
Key Points
  • Significant exploration at Temer prospect and Appaloosa Breccia
  • Net cash decrease of $2,726,000
  • $6 million raised through equity securities
  • Expenditure focused on exploration and evaluation
  • Closure of some tenements, no new acquisitions
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.