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Auravelle Metals Limited (ASX:AUV)

ALERT: Price-sensitive ASX Announcement for AUV
Current share price for AUV : $0.006 0 (0%)+
Announcement
Release
29 Jul 2026 8:22AM
Price at Release
$0.006
Full Release
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Summary
Auravelle Metals Limited's quarterly activities report for the period ended 30 June 2026 highlights significant progress in its gold exploration projects. Key developments include identifying multiple new drilling targets at Nuckulla Hill in South Australia, advancing the Skye project, and commencing metallurgical test work at Sheoak. The company completed a strategic placement post-quarter end, raising $1.5 million from investors to support ongoing operations. The Appendix 5B Cash Flow Report indicates a net cash outflow from operating activities, with the company ending the quarter with $0.63 million in cash.
Key Points
  • Multiple new drilling targets identified at Nuckulla Hill.
  • Access to Skye project secured and initial site visit completed.
  • Metallurgical test work for Sheoak underway.
  • Targeted soil sampling completed at Crown Project near Kalgoorlie.
  • Completion of a $1.5 million placement post-quarter end.
  • Net cash outflow from operating activities.
  • Cash and cash equivalents at the end of the quarter: $0.63 million.
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.