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Breakthrough Minerals Limited (ASX:BTM)

ALERT: Price-sensitive ASX Announcement for BTM
Current share price for BTM : $0.175 -0.02 (-10.26%)+
Announcement
Release
30 Apr 2026 9:44AM
Price at Release
$0.195
Full Release
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Summary
Breakthrough Minerals Limited, an Australian mining exploration entity, has reported its quarterly activities and cash flow for the quarter ending 31 March 2026. The company engaged in significant exploration activities at its copper-gold projects, particularly the Barbara Copper-Gold Project and the Hazel Creek Project. Key activities included the commencement of drilling operations aimed at resource extension and testing of electromagnetic conductors. The cash flow report indicates net cash used in operating and investing activities resulting in an increase in cash and cash equivalents to $2,397,000 by the end of the quarter. Financing activities were bolstered by proceeds from equity securities, resulting in net cash of $7,613,000. Payments included director fees, exploration consulting services, and acquisition costs for the North Queensland Copper Gold Project. The company is poised for further exploration and resource growth in the coming quarters.
Key Points
  • Quarterly activities report for Breakthrough Minerals Limited
  • Focus on Barbara and Hazel Creek Copper-Gold Projects
  • Commencement of drilling at Barbara project
  • Net cash increase to $2,397,000 by quarter end
  • Significant exploration expenditures
  • Proceeds from equity securities issuance
  • Payments for director fees and consulting services
  • No borrowings or dividends paid during the quarter
  • Resource extension and testing of EM conductors planned
  • Exploration activities to drive resource growth in 2026
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.