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Avira Resources Ltd (ASX:AVW)

ALERT: Price-sensitive ASX Announcement for AVW
Current share price for AVW : $0.007 -0.001 (-12.50%)+
Announcement
Release
28 Jul 2026 8:55AM
Price at Release
$0.008
Full Release
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Summary
Avira Resources Ltd has reported on its quarterly activities, highlighting an extensive RC drilling program at the Mt Cattlin Gold Project, focused on the high-grade Maori Queen and Plantagenet prospects. Due to severe weather, drilling operations were temporarily suspended but are expected to resume in early spring. The company aims to release its maiden Mineral Resource Estimate by Q4 2026. Financially, the company reported net cash outflows in operating and investing activities, with a closing cash balance of $1,452,000. Payments to related parties during the quarter amounted to $72,000. Avira continues to manage its exploration licenses in Western Australia, specifically targeting gold and base metals.
Key Points
  • Avira Resources Ltd conducted a 4,500-metre RC drilling program at the Mt Cattlin Gold Project.
  • The drilling program focused on the Maori Queen and Plantagenet prospects, with plans to extend to Sirdar and Ellendale.
  • Severe rain events caused temporary suspensions of drilling operations, with activities expected to resume in early spring 2026.
  • The company aims to produce a maiden Mineral Resource Estimate by Q4 2026.
  • Financially, net cash used in operating activities was $114,000 for the quarter and net cash used in investing activities was $261,000.
  • Total cash and cash equivalents at the end of the quarter were $1,452,000.
  • Payments to related parties totalled $72,000 during the quarter.
  • Avira holds several exploration licenses in Western Australia, including the Mt Cattlin and Tangadee projects.
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.