InvestSMART

Clara Resources Australia Limited (ASX:C7A)

ALERT: Price-sensitive ASX Announcement for C7A
Current share price for C7A : $0.003 0 (0%)+
Announcement
Release
30 Jan 2026 9:52AM
Price at Release
$0.003
Full Release
download
Summary
Clara Resources Australia Limited, in its Quarterly Activities Report ending December 2025, detailed significant financial movements, including $511,000 net cash used in operating activities and significant financing activities resulting in a net cash inflow of $1,353,000. The quarter concluded with cash and equivalents totaling $1,167,000. The company successfully raised $1.587 million through a capital raising initiative. Additionally, Clara completed the acquisition of the Hodgkinson Basin Gold Project by issuing shares, enhancing its portfolio in an underexplored gold province. Payments to related parties were reported at $165,000, with no production or development activities during the period.
Key Points
  • Clara Resources Australia Limited reported a net cash used in operating activities of $511,000 for the quarter.
  • The company generated $1,353,000 net cash from financing activities.
  • Cash and cash equivalents at the end of the quarter amounted to $1,167,000.
  • During the quarter, Clara completed a capital raise of $1.587 million, including an institutional placement and a rights issue.
  • The acquisition of the Hodgkinson Basin Gold Project was a significant development, involving 533,333,333 fully paid ordinary shares issued to acquire AU SB Minerals Pty Ltd.
  • Payments to related parties amounted to $165,000, mainly for interest and director fees.
  • There were no mine production and development activities during 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.