InvestSMART

Minbos Resources Limited (ASX:MNB)

ALERT: Price-sensitive ASX Announcement for MNB
Current share price for MNB : $0.023 -0.023 (-50%)+
Announcement
Release
27 Oct 2025 8:24AM
Price at Release
$0.046
Full Release
download
Summary
Minbos Resources Limited's quarterly report for the period ending 30 September 2025 details financial and operational activities. The report highlights a net cash outflow from operating activities of $2.217 million for the quarter, with no expenses on exploration and evaluation activities. The company held $3.87 million in cash at the end of the quarter with no debt, and anticipates raising capital in the next quarter to support operational cash flows. Significant project developments included construction advancements at the Subantando Fertilizer Plant in Angola, supported by local contractor collaboration. Minbos also discussed the potential sale of shares by minority shareholders in its Angolan subsidiary, which would increase Minbos's equity in the project. An exclusive partnership agreement with Fertiafrica for granulation services was signed, aimed at delivering tailored fertilizer products to local customers.
Key Points
  • Net cash outflow from operating activities was $2.217 million.
  • End of quarter cash holdings were $3.87 million with no debt.
  • Anticipation of a capital raise in the next quarter.
  • Advancements in the construction of the Subantando Fertilizer Plant.
  • Potential share sale by minority shareholders to increase project equity.
  • Exclusive partnership with Fertiafrica for granulation services.
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.