InvestSMART

Canterbury Resources Ltd (ASX:CBY)

ALERT: Price-sensitive ASX Announcement for CBY
Current share price for CBY : $0.046 0.016 (53.33%)+
Announcement
Release
30 Apr 2026 8:25AM
Price at Release
$0.030
Full Release
download
Summary
Canterbury Resources Limited's Quarterly Activities Report for the period ending 31 March 2026 outlines significant developments in their exploration projects. Key activities include a major drilling program at the Briggs Copper Project in Queensland, aimed at enhancing the Mineral Resource Estimate and supporting the Pre-feasibility Study for a potential large-scale mining operation. The company is also focused on the John Hill deposit in the Monto Project, with plans for additional drilling to expand resources. The report details the company's cash flow, showing net cash used in operating activities and available funding for future operations. The document emphasizes Canterbury's strategic focus on copper and gold mineralisation projects across Australia and Papua New Guinea, with significant advancements in exploration and resource definition efforts.
Key Points
  • Major drilling program at Briggs Copper Project as part of a Pre-feasibility Study.
  • Focus on enhancing Mineral Resource Estimate at Briggs.
  • Acquisition of six tenements in the Monto Project, focusing on the John Hill deposit.
  • Net cash used in operating activities was reported as $(283,000) for the quarter.
  • Estimated quarters of funding available is 4.7.
  • No mining production or development occurred during the quarter.
  • Strategic focus on copper and gold projects in Australia and Papua New Guinea.
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.