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Cobre Ltd (ASX:CBE)

ALERT: Price-sensitive ASX Announcement for CBE
Current share price for CBE : $0.238 -0.003 (-1.04%)+
Announcement
Release
29 Jul 2026 9:29AM
Price at Release
$0.240
Full Release
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Summary
Cobre Limited's quarterly activities report for the period ending 30 June 2026 highlights significant operational improvements at the Sierra Atacama Copper Project in Chile, resulting in increased copper cathode production and improved metallurgical recovery rates. The copper project, acquired earlier in the year, demonstrated a lift in production due to optimised processes and equipment refurbishment. A major focus was on sustaining high recovery rates rather than increasing ore grade. The quarterly Appendix 5B cash flow report outlined Cobre's financial activities, indicating a net cash outflow from operations, but sufficient cash reserves to support operations for nearly six more quarters. The company emphasized ongoing investments to enhance production efficiency and product quality.
Key Points
  • Sierra Atacama Copper Project's production and performance improvements.
  • Increased metallurgical recovery rates up to 76% in June 2026.
  • Completion of cathode refurbishment expected by August 2026.
  • Quarterly cash flow report showing net cash outflow and available funding.
  • Sufficient cash reserves for sustaining operations for approximately 5.77 quarters.
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.