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Bubalus Resources Limited (ASX:BUS)

ALERT: Price-sensitive ASX Announcement for BUS
Current share price for BUS : $0.075 -0.009 (-10.71%)+
Announcement
Release
23 Apr 2026 8:12AM
Price at Release
$0.084
Full Release
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Summary
Bubalus Resources Limited has summarized its activities for the March Quarter 2026, highlighting a maiden drilling program at Avon Plains yielding significant gold values, and progress in exploration planning at Wilson’s Hill and Amadeus Critical Minerals projects. The company also undertook a geochemical sampling program at Murrindindi and rationalized its project areas. Financially, Bubalus maintains a strong cash position of $3.0 million, supporting its ongoing and prospective exploration activities, as detailed in the Appendix 5B Cash Flow Report.
Key Points
  • Bubalus Resources Limited (ASX: BUS) has reported on its activities for the March Quarter of 2026.
  • The company conducted a 15-hole drilling program at the Avon Plains Gold Project, with gold results reaching up to 1.26 g/t.
  • Exploration planning is underway for the Wilson’s Hill Gold Project, where historical drilling showed significant gold values.
  • Exploration at the Amadeus Critical Minerals Project is being prepared, with notable gallium results up to 260 ppm.
  • Bubalus Resources has completed a geochemical sampling program at the Murrindindi Project's Tin Creek Prospect.
  • The company has rationalized its tenure, reducing areas at the Amadeus Project and withdrawing from the Avon Plains.
  • Bubalus holds approximately $3.0 million in cash, supporting ongoing and new project pursuits.
  • The Quarterly Cashflow Report (Appendix 5B) shows a net cash usage of $130,000 in operating activities and $252,000 in investing activities for the quarter.
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.