Azzuro Resources PLC (ASX:AZ9)

ALERT: Price-sensitive ASX Announcement for AZ9

Current share price for AZ9 : $0.015 -0.001 (-6.25%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

31 Jul 2026 8:25AM

Price at Release

$0.016

Full Release

Summary

Azzuro Resources PLC, formerly Asian Battery Metals PLC, reported significant progress in its exploration activities for the quarter ended 30 June 2026. The company confirmed a high-grade copper-gold volcanogenic massive sulphide (VMS) system at the Red Hill Project in Mongolia. The project, covering 79.14 hectares, was acquired in April 2026 and is now fully owned by Azzuro. Exploration activities included drilling and geophysical surveys, with expenditures totaling $0.564 million for exploration and evaluation, and $1.118 million for the acquisition of the Red Hill project. Azzuro ended the quarter with $2.853 million in cash. The company has also rebranded to reflect its focus on copper and precious metals.

Key Points

High-grade copper-gold VMS system confirmed at Red Hill.
Red Hill project covers 79.14 hectares in Mongolia.
Total exploration and evaluation expenditure of $0.564 million.
Acquisition cost of Red Hill project was $1.118 million.
Cash balance at quarter end was $2.853 million.
Company rebranded to Azzuro Resources PLC.
15 holes drilled at Red Hill in the first phase of 2026.
No new financing activities reported during the quarter.

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.