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Bellavista Resources Limited (ASX:BVR)

ALERT: Price-sensitive ASX Announcement for BVR
Current share price for BVR : $0.348 -0.283 (-44.84%)+
Announcement
Release
30 Apr 2026 9:27AM
Price at Release
$0.630
Full Release
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Summary
Bellavista Resources Limited, trading on the ASX as BVR, reported significant developments in its March 2026 quarterly report. The company completed the acquisition of a 70% interest in the Pickle Crow Gold Project from FireFly Metals, with an option to increase to 80%, issuing 60 million shares and 50 million performance rights. As of March 2026, Bellavista’s cash position was bolstered by a two-tranche placement raising a total of A$35 million, leaving a cash balance of approximately $31 million after strategic acquisitions. Exploration activities included successful bioleaching experiments, indicating potential cost and energy savings. The company continues to hold a 100% interest in several Western Australian tenements and has estimated cash availability for 16.6 quarters of funding.
Key Points
  • Tranche 1 raised approximately A$19 million, and Tranche 2 raised approximately A$16 million.
  • Bellavista Resources held $19.2 million in cash at the end of March 2026.
  • Post quarter-end, the cash balance is approximately $31 million after receipt of Tranche 2 and payment to First Mining.
  • Completed bioleaching experiments with positive results for base and rare earth metals.
  • Acquisition of FireFly Metal's 70% interest in the Pickle Crow Gold Project, increasing to 80%.
  • Issuance of 60 million Bellavista shares and 50 million performance rights for the acquisition.
  • Mining tenements in Western Australia are 100% held by Bellavista.
  • Estimated cash available for 16.6 quarters of funding.
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.