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Burley Minerals Ltd (ASX:BUR)

ALERT: Price-sensitive ASX Announcement for BUR
Current share price for BUR : $0.023 -0.002 (-8%)+
Announcement
Release
31 Jul 2026 4:41PM
Price at Release
$0.025
Full Release
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Summary
Burley Minerals Ltd, an ASX-listed exploration company, reported on its quarterly activities for the period ending 30 June 2026. The company focused on its iron ore and lithium projects located in Western Australia and Quebec, Canada. Key highlights included the completion of a heritage survey over the Cane Bore Iron Project in Western Australia, paving the way for a maiden drilling program with up to 120 planned drillholes. The company raised approximately A$1.0 million through a placement and an oversubscribed Share Purchase Plan to fund the drilling program and evaluate the Chubb Lithium Project. Cash reserves at the end of the quarter were reported at $980k, up from $341k at the end of March 2026. The company maintained its 100% interest in both the Australian tenements and Canadian mineral claims during this period.
Key Points
  • Completion of heritage survey at Cane Bore Iron Project.
  • Planned drilling program with up to 120 drillholes.
  • A$1.0 million raised for project funding.
  • Cash at bank increased to $980k at quarter-end.
  • 100% interest in Australian and Canadian projects maintained.
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.