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Bayan Mining and Minerals Limited (ASX:BMM)

ALERT: Price-sensitive ASX Announcement for BMM
Current share price for BMM : $0.065 -0.065 (-50%)+
Announcement
Release
29 Jan 2026 8:18AM
Price at Release
$0.130
Full Release
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Summary
Bayan Mining and Minerals Limited released their quarterly activities and cash flow report for the period ending 31 December 2025. The report detailed a cash balance of $2,790,000 with a net cash usage in operating activities amounting to $302,000 and investing activities totaling $434,000. The company announced the completion of an integrated geophysical review over its Desert Star Project, with drilling planned for 2026. Additionally, a significant Loyalty Option Offer was completed, and the company entered a licensing agreement for rare earth processing technologies with Colorado School of Mines. The CSAMT survey results confirmed significant geological features at Bayan Springs South, enhancing exploration confidence.
Key Points
  • Bayan Mining and Minerals Limited's quarterly cash flow report as of 31 December 2025.
  • Cash and cash equivalents at the end of the period were $2,790,000.
  • Net cash used in operating activities for the quarter was $302,000.
  • Net cash used in investing activities amounted to $434,000.
  • The company completed an integrated geophysical review for the Desert Star Project.
  • BMM has commenced discussions for drilling in 2026.
  • The company issued 33,603,864 Loyalty Options during the quarter.
  • Bayan Mining and Minerals Limited announced CSAMT survey results confirming a Carlin-style system at Bayan Springs South.
  • The company executed a licensing agreement with Colorado School of Mines for rare earth processing technologies.
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.