Azzuro Resources PLC (ASX:AZ9)

ALERT: Price-sensitive ASX Announcement for AZ9

Current share price for AZ9 : $0.019 -0.022 (-53.66%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

30 Oct 2025 7:26PM

Price at Release

$0.041

Full Release

Summary

Asian Battery Metals plc (ASX: AZ9) provided their Quarterly Activities Report and Appendix 5B Cash Flow Report for the period ending 30 September 2025. The company focused on advancing its exploration activities at the Oval Cu-Ni-PGE project, with significant drilling efforts and geophysical surveys identifying further potential in the mineralized areas. The company secured a new Bayan Sair exploration license and entered an exclusive option agreement for the Maikhan Uul copper-gold project. The cash flow statement highlighted a net cash outflow from operating activities of $601,000 for the quarter, with cash and cash equivalents at the end of the period totaling $2.264 million. An equity placement of $6 million was completed to fund ongoing exploration and due diligence activities. Project updates highlighted successful metallurgical test work and continued exploration efforts at multiple sites.

Key Points

Continued Phase 3 drilling at Oval Cu-Ni discovery with promising results.
Secured new exploration license at Bayan Sair; option agreement for Maikhan Uul project.
Completed equity placement of $6 million to fund activities.
Net cash outflow from operating activities was $601,000.
Cash and cash equivalents totaled $2.264 million at the end of the quarter.
Appendix 5B Cash Flow Report details cash spent on exploration and evaluation.
Geophysical surveys identified further high-priority targets.

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.