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Australia United Mining Limited (ASX:AYM)

ALERT: Price-sensitive ASX Announcement for AYM
Current share price for AYM : $0.002 0 (0%)+
Announcement
Release
28 Jul 2026 11:18AM
Price at Release
$0.002
Full Release
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Summary
The quarterly activities report and Appendix 5B cash flow report for Australia United Mining Limited (AYM) for the period ending 30 June 2026 indicate a net cash outflow from operating activities of $119,000 for the quarter. The company holds tenures in New South Wales and Queensland, with projects such as the Sofala and Forsayth Gold Projects under joint ventures with MinRex Resources and Forsayth Resources Pty Ltd, respectively. The Sofala project did not report any exploration activities for the quarter, while Forsayth saw continued mining and maintenance activities. AYM reported $20,000 in cash and bank deposits at the end of the quarter and incurred $33,600 in payments to related parties. The company's financial strategy includes potential liquidation of ASX-listed shares valued at approximately $406,000, and continued support from W.Y. International (Australia) Pty Ltd, providing financial backing.
Key Points
  • Net cash outflow from operating activities was $119,000.
  • Projects in New South Wales and Queensland under joint ventures.
  • Sofala project reported no exploration activities for the quarter.
  • Forsayth project continued mining and maintenance activities.
  • $20,000 in cash and bank deposits at quarter end.
  • $33,600 in payments to related parties.
  • Potential cash generation from ASX-listed shares valued at $406,000.
  • Financial support from W.Y. International (Australia) Pty Ltd.
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.