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Breakthrough Minerals Limited (ASX:BTM)

ALERT: Price-sensitive ASX Announcement for BTM
Current share price for BTM : $0.125 -0.04 (-24.24%)+
Announcement
Release
24 Jul 2026 9:09AM
Price at Release
$0.165
Full Release
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Summary
Breakthrough Minerals Limited (ASX: BTM) announced its Quarterly Activities Report for the period ending 30 June 2026, highlighting a transformative quarter marked by key strategic advancements. The company commenced drilling at the Barbara Copper-Gold Project shortly after acquiring the North Queensland Copper-Gold Project, with promising initial assay results confirming potential resource growth. BTM completed a successful A$5.15 million placement to fund a major 10,000m diamond drilling campaign aimed at expanding resources at the Barbara and Hazel Creek projects. The company remains well-funded with a cash position of approximately A$5.55 million, having spent A$845,000 on exploration during the quarter. No mining production activities or expenses were incurred, and payments to related parties totaled A$134,000. The North Queensland Copper-Gold Project, comprising four project areas, holds significant mineral resources, with reported estimates of 18.8Mt @ 1.07% CuEq, reflecting BTM's strategic positioning for future growth in response to increasing copper demand.
Key Points
  • Non-binding MOU with Wolfram Limited for potential sale of Mt Colin mine camp.
  • Completion of A$5.15 million placement for drilling campaign.
  • Commencement of drilling at Barbara Copper-Gold Project.
  • Positive initial assay results indicate resource growth potential.
  • Cash position of A$5.55 million at end of the quarter.
  • A$845,000 spent on exploration activities during the quarter.
  • No mining or production activities incurred during the quarter.
  • Payments to related parties amounted to A$134,000.
  • North Queensland Copper-Gold Project comprises four key project areas.
  • Resource estimate of 18.8Mt @ 1.07% CuEq for 200kt of contained CuEq metal.
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.