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Avira Resources Ltd (ASX:AVW)

ALERT: Price-sensitive ASX Announcement for AVW
Current share price for AVW : $0.008 -0.004 (-33.33%)+
Announcement
Release
29 Jan 2026 9:46AM
Price at Release
$0.012
Full Release
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Summary
Avira Resources Limited's quarterly activities report for December 2025 highlights a focus on exploration activities, with significant advancements in their Puolalaki and Mt Cattlin projects. The company reported a net cash outflow from operating activities but managed to raise $2.5 million through equity securities. No significant mining production was recorded, but exploration efforts incurred $186,000. The Puolalaki Project has demonstrated potential for high-grade gold deposits, while the Mt Cattlin project has been prepared for upcoming drilling with confirmed drill sites and access. The company also strengthened its financial position with a successful capital raise and expanded its leadership team to guide further exploration and development efforts.
Key Points
  • Avira Resources Limited reported a net cash outflow from operating activities for the quarter.
  • The company raised $2.5 million from issuing equity securities.
  • Exploration activities incurred a cost of $186,000 during the quarter.
  • No substantive mining production and development activities were undertaken.
  • The Puolalaki Project in Sweden showed significant high-grade gold mineralisation.
  • The Mt Cattlin Gold Project field inspection confirmed drill collar locations and access routes for future drilling.
  • Avira completed a capital raising and made strategic appointments to their leadership team.
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.