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Andean Silver Limited (ASX:ASL)

ALERT: Price-sensitive ASX Announcement for ASL
Current share price for ASL : $2.430 0.54 (28.57%)+
Announcement
Release
29 Jul 2026 9:16AM
Price at Release
$1.890
Full Release
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Summary
Andean Silver Limited (ASX: ASL, OTCQX: ADSLF) reported significant progress in its Cerro Bayo silver-gold project in Chile with a 230% increase in Measured and Indicated Resources, which supports the company's transition from exploration to production planning. The company plans a comprehensive drilling program and feasibility studies to further de-risk the project. Cash reserves stood at A$42.7 million as of June 2026, and the new Managing Director, Matthew Allen, is steering strategic growth initiatives. The Quarterly Activities Report and Appendix 5B highlight the company's cash flow activities including operating, investing, and financing cash flows.
Key Points
  • Andean Silver Limited reported a 230% increase in Measured and Indicated Resources at Cerro Bayo.
  • The company is preparing for feasibility studies and a major exploration drilling campaign.
  • Cash and cash equivalents at the end of June 2026 were A$42.7 million.
  • Andean Silver intends to advance the Cerro Bayo project from exploration to production.
  • The company has outlined a 12-month strategy focusing on exploration and resource growth.
  • Matthew Allen was appointed as Managing Director of Andean Silver Limited.
  • Appendix 5B details cash flows with a net decrease in cash and cash equivalents for the quarter.
  • No new mining tenements were acquired or disposed of during the quarter.
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.