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Bubalus Resources Limited (ASX:BUS)

ALERT: Price-sensitive ASX Announcement for BUS
Current share price for BUS : $0.071 -0.002 (-2.74%)+
Announcement
Release
23 Jul 2026 9:46AM
Price at Release
$0.073
Full Release
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Summary
Bubalus Resources Limited (ASX: BUS) reported its activities for the quarter ending 30 June 2026. The company highlighted the identification of broad geochemical anomalies at the Tin Creek Prospect, part of the Murrindindi Gold Project in Victoria, and is planning further exploration activities including an airborne geophysical survey. At the Amadeus Critical Minerals Project, gallium results up to 260 ppm were reported, with plans to continue exploration. Financially, Bubalus is well-funded with $3.03 million in cash reserves to support ongoing projects and new opportunities. The quarterly cash flow report (Appendix 5B) indicates a net cash inflow from operating activities of $92,000 and an expenditure of $62,000 on exploration and evaluation. The company is also exploring new business opportunities in the gold, copper, and critical mineral commodities sectors.
Key Points
  • Broad geochemical anomalies identified at Tin Creek Prospect.
  • Exploration plans include airborne geophysical surveys.
  • Gallium results up to 260 ppm reported at Amadeus Project.
  • Cash reserves of $3.03 million at end of quarter.
  • Net cash inflow from operating activities was $92,000.
  • Expenditure of $62,000 on exploration and evaluation.
  • Continued exploration of gold, copper, and critical minerals.
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.