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Black Horse Mining Limited (ASX:BHL)

ALERT: Price-sensitive ASX Announcement for BHL
Current share price for BHL : $0.190 -0.095 (-33.33%)+
Announcement
Release
23 Apr 2026 8:14AM
Price at Release
$0.285
Full Release
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Summary
Black Horse Mining Ltd reported on its activities for the March 2026 quarter, highlighting the completion of its maiden drilling program at the Mt Egerton Gold Project. The program confirmed the presence of high-grade, near-surface gold mineralization, with significant assay results. The company also reported a net cash outflow from operating activities and a strong cash position at the quarter's end. Pending assay results and plans for further drilling were also noted, alongside financial summaries including payments to related parties and corporate updates.
Key Points
  • Black Horse Mining Ltd completed its maiden drilling program at the Mt Egerton Gold Project.
  • The drilling program included 618 meters of diamond core drilling across seven holes.
  • Assay results for several drill holes are still pending.
  • High-grade gold mineralization was confirmed with assays up to 46.2 g/t Au.
  • Net cash from operating activities was negative $689,000 for the quarter.
  • Black Horse Mining Ltd had a cash balance of $5.54 million at the end of the quarter.
  • Payments to related parties amounted to $66,000 during the quarter.
  • The company plans to undertake deeper drill testing at the Mt Egerton project.
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.