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Bubalus Resources Limited (ASX:BUS)

ALERT: Price-sensitive ASX Announcement for BUS
Current share price for BUS : $0.076 -0.049 (-39.20%)+
Announcement
Release
28 Jan 2026 8:17AM
Price at Release
$0.125
Full Release
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Summary
Bubalus Resources Limited's quarterly report for the period ending 31 December 2025 outlines a modest cash flow from financing activities, while operating and investing activities saw cash outflows. The company made significant investments in exploration and evaluation, leading to a decrease in cash reserves to $3.407 million by the end of the quarter. Financing activities included a successful issuance of equity securities. Planned activities include mapping and drilling at various projects. No mining production or development activities were reported during the quarter. Payments to related parties were $118,000, related to director fees and consulting services.
Key Points
  • Bubalus Resources Limited reported a net cash decrease from operating activities of $374k for the recent quarter.
  • Investing activities showed a net cash outflow of $436k, largely for exploration and evaluation expenses.
  • Financing activities added $1.5 million in proceeds from the issuance of equity securities, resulting in a net cash inflow of $1.407 million after transaction costs.
  • Cash and cash equivalents at the end of the quarter stood at $3.407 million.
  • The company is planning geological and structural mapping, and drilling activities for projects like Amadeus and Yinnietharra.
  • No substantive mining production or development activities occurred during the quarter.
  • Payments to related parties and their associates totaled $118k, covering director fees and consulting services.
  • The company holds a variety of exploration projects across Australia focused on rare earths, lithium, manganese, and gold.
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.