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Clara Resources Australia Limited (ASX:C7A)

ALERT: Price-sensitive ASX Announcement for C7A
Current share price for C7A : $0.003 -0.001 (-25%)+
Announcement
Release
30 Apr 2026 9:37AM
Price at Release
$0.004
Full Release
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Summary
Clara Resources Australia Limited, trading as ASX:C7A, has released its quarterly activities report and Appendix 5B cash flow report for the period ending 31 March 2026. The company is focusing on the Mareeba Gold Project in Far North Queensland, where modern exploration techniques are being applied to assess this historically productive gold system. The quarter saw significant progress, including a technical review confirming the potential for a major mineralised system at Mareeba and a planned high-resolution LiDAR survey. Clara raised approximately $1.75 million through a share placement to support its exploration activities. The company also completed the acquisition of AU SB Minerals Pty Ltd, enhancing its exploration portfolio with additional permits. Financially, the company reported operating cash outflows, attributed mainly to exploration and administrative costs, and outlined plans for continued funding of its projects.
Key Points
  • Clara focused on the Mareeba Gold Project in Queensland.
  • Modern exploration techniques applied to historically productive area.
  • Technical review supports potential for a major gold system.
  • Completed acquisition of AU SB Minerals Pty Ltd.
  • Raised $1.75 million through share placement.
  • Operating cash outflows noted for exploration and administration.
  • High-resolution LiDAR survey planned to advance 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.