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Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL
Current share price for ASL : $1.990 0.08 (4.19%)+
Announcement
Release
30 Jun 2026 8:15AM
Price at Release
$1.910
Full Release
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Summary
Andean Silver Limited has announced a substantial increase in the Indicated Resource at its Cerro Bayo silver-gold project in Chile, reporting a 230% rise to 60 million ounces of silver equivalent. The updated Mineral Resource Estimate also includes a total resource expansion to 136 million ounces of silver equivalent, marking significant progress in exploration and development. The company plans a 60,000-meter drilling program to further update the Mineral Resource Estimate and produce an initial Ore Reserve. The project, supported by favorable commodity pricing, aims to advance from exploration to production feasibility, underlining its potential economic extraction prospects. Andean Silver is well-funded with approximately A$53.4 million in cash, enabling further exploration and development activities.
Key Points
  • Andean Silver's Indicated Resource increases by 230% to 60Moz AgEq.
  • Total project resources increase to 136Moz AgEq, a 23% rise in total AgEq ounces.
  • Upcoming 60,000m drilling program targets resource update and initial Ore Reserve.
  • Feasibility studies to demonstrate project’s production and cashflow potential.
  • Project supported by strong cash position and favorable metal prices.
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.