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Black Horse Mining Limited (ASX:BHL)

ALERT: Price-sensitive ASX Announcement for BHL
Current share price for BHL : $0.205 -0.4 (-66.12%)+
Announcement
Release
28 Jan 2026 8:17AM
Price at Release
$0.605
Full Release
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Summary
Black Horse Mining Limited (BHL) released its quarterly activities report for December 2025, highlighting the successful completion of its IPO, raising $8 million. The funds were sourced from investors, including a significant contribution from Province Resources Ltd. The company's flagship project, the Mt Egerton Gold Project, saw progress with channel sampling and near-surface diamond drilling activities. The report also included the Appendix 5B cash flow statement, indicating a cash balance of $6.24 million at the end of the quarter. The document detailed the company's financial activities, including operating, investing, and financing cash flows. Corporate expenses and payments to related parties were also addressed, with director salaries and fees being part of the quarterly report.
Key Points
  • Successful IPO completed, raising $8 million.
  • Mt Egerton Gold Project activities included channel sampling and drilling.
  • Cash balance of $6.24 million at end of December 2025.
  • Appendix 5B cash flow report highlights financial activities.
  • Payments to related parties included director salaries and fees.
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.