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Bubalus Resources Limited (ASX:BUS)

ALERT: Price-sensitive ASX Announcement for BUS
Current share price for BUS : $0.078 -0.01 (-11.36%)+
Announcement
Release
23 Mar 2026 10:25AM
Price at Release
$0.088
Full Release
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Summary
Bubalus Resources Limited (ASX: BUS) has provided an update regarding its strategic focus on priority projects in Victoria and the Northern Territory. The company is withdrawing from the Avon Plains Gold Project to concentrate on more promising Victorian assets such as Crosbie South, Crosbie North, and others. They have also rationalized their tenure at the Amadeus Project, focusing on EL32796 due to significant gallium findings. In terms of governance, the company has enforced a 25% fee reduction for key executives to maintain cost discipline and align with shareholder interests. Bubalus is financially stable with over $3 million in cash to support ongoing exploration and evaluation endeavors.
Key Points
  • Bubalus withdraws from Avon Plains Gold Project.
  • Focus redirected to Victorian and Northern Territory projects.
  • Amadeus Project tenure rationalized to focus on EL32796.
  • 25% fee reduction for Managing Director and corporate advisors.
  • Company holds over $3 million in cash for continued exploration.
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.