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Black Horse Mining Limited (ASX:BHL)

ALERT: Price-sensitive ASX Announcement for BHL
Current share price for BHL : $0.190 -0.01 (-5%)+
Announcement
Release
29 Jul 2026 8:26AM
Price at Release
$0.200
Full Release
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Summary
During the quarter ending 30 June 2026, Black Horse Mining Limited (ASX: BHL) reported on its activities and financial performance. The company completed its maiden drilling program at the Mt Egerton Gold Project and commenced the re-establishment of the Sister Rose Adit. The cash flow report for the quarter highlighted a net cash usage in operating activities of $272,000, investing activities resulted in cash usage of $6,000, and financing activities resulted in a net cash usage of $30,000. The closing cash balance was $5.23 million, with estimated funding available for approximately 19 quarters. The report also included compliance with ASX Listing Rules through detailed expenditure reports and tenement schedules.
Key Points
  • Maiden drilling program completed at Mt Egerton Gold Project.
  • Re-establishment of Sister Rose Adit commenced.
  • Net cash used in operating activities: $272,000.
  • Net cash used in investing activities: $6,000.
  • Net cash used in financing activities: $30,000.
  • Cash balance at end of quarter: $5.23 million.
  • Estimated funding available for 19 quarters.
  • Compliance with ASX Listing Rules disclosed.
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.